CFA Cooperativa Financiera

What CFA Cooperativa Financiera does

CFA Cooperativa Financiera de Antioquia is a Colombian member-owned financial cooperative founded on April 6, 2000, through the merger of cooperatives Donmatías and Coobancoquía. It holds the distinction of being the first Cooperativa Financiera established in Colombia under Law 454 of 1998, operating under Superintendencia Financiera de Colombia supervision with deposit guarantee association through Fogacoop. The institution delivers savings, credit, and insurance products through a hybrid physical-digital model that combines 48 branches across Medellín, Bogotá, Barranquilla, Cali, and Pereira with an extensive Vecino CFA correspondent agent network and partnerships with Bancolombia correspondents and Gana Servicios payment points.

Its core product set spans six credit lines (Libre Inversión, Más Cupo, Microcrédito, Crédito Productivo, Finagro, Crediapagos), savings accounts segmented across individuals, youth, and businesses, the CFA-VISA debit card with 23,000+ merchant acceptance and ATM access via Redeban/Servibanca/ATH, and insurance distributed through ally Los Olivos. The digital stack comprises App CFA Móvil (iOS/Android with biometric authentication, QR, Bre-B, cardless withdrawals), Oficina Virtual web platform, PSE payment gateway, and credit simulators. Specialized programs include 'Mujeres Protagonistas' (a 2025 gender-equity program bundling credit, savings, and insurance) and SDDE-partnered 'Buena Paga' microcredits for entrepreneurs.

CFA earns revenue primarily through net interest spread on deposits funded into the lending book, supplemented by insurance distribution fees via Los Olivos, social contribution income (aportes sociales) from members, and ancillary service fees published annually per Colombian financial regulation. The cooperative model returns surplus to members rather than external shareholders, with social programs delivered through the wholly owned Fundación CFA subsidiary providing educational assistance, employability services, and courses as non-financial member benefits.

Name

CFA Cooperativa Financiera

Legal name

CFA Cooperativa Financiera de Antioquia

Website

https://cfa.com.co

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

CFA Cooperativa Financiera de Antioquia is a Colombian member-owned cooperative financial institution founded in 2000, operating 48 branches and a correspondent network to deliver savings, credit, debit card, and insurance products to individuals, women, youth, and SMEs via physical and digital channels.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (52213), Depository Credit Intermediation (5221), Consumer Lending (522291), Nondepository Credit Intermediation (5222)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

Lending & Credit Disbursements (FSAMAKAH)

Keywords

• Cooperative banking
• Savings accounts
• Consumer credit
• Microcredit financing
• Agricultural credit

Headquarters

HQ city

Medellín

HQ country

Colombia

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Credit/Lending Operations: Interest income from personal loans, microcredits, productive loans, agricultural loans (Finagro), and credit lines such as Libre Inversión, Más Cupo, and Crediapagos. Core revenue driver for the cooperative financial entity.
2. Savings Deposits: Accepts savings deposits from individuals and businesses, paying interest to depositors while using funds for lending operations. Generates spread income.
3. Insurance Products: Distribution of insurance products through Los Olivos partner, including specific plans for women (Plan Integral Mujer) and other segments.
4. Social Contribution Fund (Aportes): Members contribute social shares (aportes sociales) as part of association, creating a stable capital base for the cooperative.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

CFA Cooperativa Financiera de Antioquia is a member-owned cooperative financial institution that accepts savings deposits and extends credit to individuals, women, youth, and small businesses across Colombia. Its portfolio includes savings accounts (including purpose-based savings), six credit lines (Libre Inversión, Más Cupo, Microcrédito, Crédito Productivo, Crédito Finagro, Crediapagos), a Visa debit card, and insurance products distributed through partner Los Olivos. Distribution combines 48 physical branches, the Vecino CFA correspondent network, the App CFA Móvil mobile app, the Oficina Virtual web platform, and instant payment integration via Bre-B and PSE.

Product overview

CFA Cooperativa Financiera is a Colombian financial cooperative offering a comprehensive portfolio of products through a unified platform approach. The core offerings include savings accounts (Cuentas de Ahorro) and credit products (Créditos CFA) spanning 6 loan types (Libre Inversión, Más Cupo, Microcrédito, Productivo, Finagro, Crediaportes). Digital services are delivered through the App CFA Móvil mobile app and Oficina Virtual web platform, enabling 24/7 account management, transfers, and payments. The Bre-B immediate payment system enables instant inter-bank transfers. Physical access is provided through a network of 48 branches, Corresponsales Vecino CFA agents, and ATM partnerships (Redeban, Servibanca, ATH). The Visa debit card enables purchases at 23,000+ merchants. Specialized programs like 'Mujeres Protagonistas' address gender-specific financial needs, while SDDE microcréditos serve entrepreneurs through government partnerships. Payment flexibility includes PSE, Bancolombia correspondents, and Gana Servicios points.

Differentiator

Problem solved

Functional benefit

Brands

• Mujeres Protagonistas: A program designed to support women in Colombia with credit lines, savings options, social benefits, and insurance products, promoting gender empowerment and equity.
• Ahorro con Propósito
• Tu Más Cupo
• CFA Express
• App CFA Móvil

Products and services

• Cuentas de Ahorro Savings accounts for individuals, families, youth, and businesses, including youth and children's savings programs (Cuenta Joven), offered with tiered interest rates published on the tasas-de-captación page.
• Créditos CFA Multi-line consumer and SME credit portfolio comprising Libre Inversión (free investment), Más Cupo (revolving line), Microcrédito, Crédito Productivo, Crédito Finagro (agricultural), and Crediapagos, with rates published on the tasas-de-colocación page.
• Microcréditos SDDE Microcredit program operated in alliance with SDDE under the 'Buena Paga' program, targeting entrepreneurs and small business owners with credit granted exclusively by CFA and enrollment handled by SDDE.
• App CFA Móvil Mobile banking application for iOS and Android enabling 24/7 account management, transfers, QR payments, Bre-B instant transactions, card controls, cardless ATM withdrawals, credit and bill payments, and certificate generation, secured by biometric authentication.
• Oficina Virtual Web-based virtual office platform (cfavirtual.com.co) for 24/7 management of savings, credit, and payment services from any device, including balance consultation, transfers, service payments, and PSE integration.
• Tarjeta Débito CFA-VISA Visa debit card enabling purchases at 23,000+ merchants nationally and internationally, plus ATM cash withdrawals across the Redeban, Servibanca, and ATH networks, with dedicated 24/7 blocking hotlines.
• Bre-B Instant Payments Immediate inter-bank transfer service operated within the Banco de la República Sistema de Pagos Inmediatos framework, enabling 24/7 instant transfers using phone number, ID, email, or alphanumeric code as identifiers.
• Seguros Insurance products distributed through ally Los Olivos, including Plan Integral Mujer for women ages 22-54 and Plan Integral for members over 54, plus other coverage options for individuals and businesses.
• Programa Mujeres Protagonistas Gender-equity program bundling six credit lines, purpose-based savings (Ahorro con Propósito), Foundation social benefits, and Los Olivos insurance products (Plan Integral Mujer 22-54, Plan Integral Mayor 54+) to promote women's financial inclusion across Colombia.
• CFA Express Quick-disbursement credit service for rapid loan processing and immediate financial access, positioned for time-sensitive consumer and small-business needs.
• Simuladores CFA Online calculators for simulating credit payments, CDTs, Libre Inversión, business loans, and savings, helping individual and SME customers plan their finances.

Quantifiable outcome

• More than 5,000 attendees participated in 25th anniversary celebration events
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SDDE (Secretaría de Desarrollo Económico)coreStrategic or Co-development PartnerCFA partnered with SDDE for the 'Buena Paga' program allowing SDDE to facilitate credit access for qualifying individuals. The alliance helps entrepreneurs and small business owners access microcredits through CFA, with SDDE handling the enrollment and eligibility verification for the program. Credits are granted exclusively by CFA.
• BancolombiaminorChannel Partner/ Reseller/ DistributorBancolombia correspondent agreement allowing CFA customers to make credit payments at Bancolombia correspondent locations nationwide using code 52965. Extends payment accessibility for CFA customers beyond physical branches.
• Los OlivosminorChannel Partner/ Reseller/ DistributorInsurance partner for the Mujeres Protagonistas program offering specialized insurance products including Plan Integral Mujer (ages 22-54) and Plan Integral for members over 54 years old.
• FogacoopminorOthersLogo displayed in footer indicating membership or association with Fogacoop (Fondo de Garantías de Entidades Cooperativas), likely providing deposit guarantees or regulatory oversight.
• Banco de la RepúblicacoreTechnology or IntegrationIntegration with the central bank's Bre-B immediate payment system, enabling 24/7 instant transfers between financial entities nationwide. Operates under the Sistema de Pagos Inmediatos framework.
• Gana ServiciosminorChannel Partner/ Reseller/ DistributorPayment network partnership enabling bill payments and credit installments at Gana Servicios locations in Valle de Aburrá metropolitan area.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Nequi: Bancolombia's digital wallet targeting underbanked and young Colombians. Competes with CFA Móvil for digital-first deposits, payments, and microcredit among CFA's younger member segments.
• Daviplata: Davivienda's digital wallet offering deposits, payments, and microcredit. Direct competitor for CFA's digital channels and unbanked/underbanked customer segments in Colombia.

Direct peers

• Banco Caja Social: Colombian bank with origins as a savings cooperative (caja de compensación). Competes with CFA in savings, microcredit, and SME lending with a similar social/community orientation.
• Confiar Cooperativa Financiera: Colombian cooperative financial entity with a similar savings, credit, and social-mission model. Most direct peer to CFA in terms of structure, target segments, and product mix within the cooperative financial sector.
• Banco Agrario de Colombia: State-owned agricultural and rural bank that overlaps with CFA's Finagro agricultural credit and microcredit offerings, particularly in regional and rural Colombian markets.
• Coopcentral: Cooperativa financiera that acts as a central bank/aggregator for second-tier cooperatives in Colombia. Comparable to CFA in cooperative structure and provides a model for inter-cooperative services.

Broad incumbents

• Davivienda: Major Colombian commercial bank with a strong retail and SME lending franchise. Overlaps directly with CFA's savings, credit, and mortgage offerings and competes for the same middle-income and SME segments.
• Bancolombia: Colombia's largest commercial bank and CFA's primary correspondent partner. Competes in deposits, credit, and payments across CFA's markets but at significantly larger scale; relevant as the dominant incumbent CFA must compete against for member acquisition.
• Banco de Bogotá: One of Colombia's oldest and largest banks, part of Grupo Aval. Competes with CFA in deposits, consumer credit, and SME financing across all major Colombian cities where CFA operates.

Regional players

• Banco Pichincha Colombia: Ecuadorian bank with significant Colombian operations, focused on SME and consumer lending. Competes with CFA in Colombian regional markets, particularly for SME credit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@CFACooperativaFinanciera
• Facebookfacebook.com/CFACooperativaFinanciera
• LinkedInlinkedin.com/company/cfa-cooperativa-financiera
• Instagraminstagram.com/cfacooperativa
• Xx.com/CFACooperativa

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CFA Cooperativa Financiera