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tyba: Creating Investment Access in Latin America

Blog post from Alpaca

Post Details
Company
Date Published
Author
Luke West
Word Count
1,412
Company Posts That Month
4
Language
English
Hacker News Points
-
Post removed?
No
Summary

Founded in Colombia in 2019 and backed by Credicorp Capital, tyba is a digital investment platform seeking to broaden access to global investing for users in Colombia, Peru, and Chile, where equity-market participation has historically been low. The company combines local regulatory infrastructure with mobile-first tools, educational content, transparent processes, and products spanning mutual funds, foreign exchange, pensions, fixed income, and U.S. equities, including tyba Pocket. Its partnership with Alpaca’s Broker API enables regulatory-compliant access to fractional U.S. shares from as little as $1, reducing costs associated with traditional international transfers. Tyba reported processing more than 80,000 orders in under a year, serving over 10,000 Colombian and Peruvian investors, and reaching $7 million in assets under management by the fourth quarter of 2024. The company plans to continue digitizing locally tailored financial products, expand its customer base, and develop a hybrid service model that combines digital tools with personalized advice for investors who want additional support.

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