Although it had a setback when it closed its operation in Ecuador months ago (it continues in Brazil and Mexico, in addition to Colombia), yesterday it announced a new step forward by obtaining a credit line from Bancolombia for 38 billion Colombian pesos, or about US$7.7 million. According to the Colombian financial newspaper La República, in order to make the loan, Bancolombia considered that Tul's model has weight in the national economy, long-term projection and scalability. Quoted by the same media, Juan Jacobo Emura, CFO of the startup, said that this financing demonstrates the market gap that Tul is solving. Main image: AdobeStock You may also be interested: Colombian Startup Tul Raises US$181 Million To Digitize Hardware Stores