Episode 8

El Regreso

"Some returns change everything"
18 min read

The spy Camila and Diego discovered is confronted — and the truth is more complicated than simple betrayal. Diego brings news that could change FinPulso's future: the competition wants to collaborate, not compete. But trust is in short supply, and Alejo is watching from the shadows, ready to turn any weakness into opportunity. In a city where loyalty is currency, everyone must decide what they're willing to risk.

Previously: "Desde Cero" — Six weeks into the recovery, FinPulso hit its hundredth deployment. Hernán, the resistant veteran, finally embraced collaboration. But Camila discovered something troubling: someone inside the company has been feeding information to an external source. The commits don't lie. Someone they trusted has been a spy all along.

The Confrontation

FinPulso office. Saturday, 9:30 AM.

Camila and Diego wait in the empty conference room. The evidence is spread across the table — commit logs, access records, the external IP address that traces back to a VPN registered in Panama. Not Alejo’s location. Someone else’s.

Stefan arrived twenty minutes ago. He’s been reading in silence, his expression unreadable.

“The code changes are subtle,” Stefan says finally. “Logging that looks like debugging. Transaction summaries that could be performance monitoring. Someone who knows how to hide in plain sight.”

“Someone who’s been here from the beginning,” Diego adds. “Someone we invited into every meeting. Every planning session. Every celebration.”

The elevator doors open. Footsteps approach.

Luciana Ortiz enters the conference room, her Instagram-perfect composure faltering when she sees the three of them waiting.

“You asked me to come in on a Saturday.” Her voice is carefully light. “This must be important.”

Luciana stands in the conference room doorway, her practiced smile fading as she sees Camila, Diego, and Stefan waiting. The evidence is spread across the table. There's nowhere to hide.
"This must be important."

Camila slides the commit log across the table. “These changes were made from your account. Over the past six weeks. Logging code that sends transaction data to an external server.”

Luciana’s face goes pale. She reaches for the papers, reads the first page, then the second. Her hands are shaking.

“I didn’t write this code.” Her voice is barely a whisper. Her hands are shaking so badly the papers rattle.

“It’s your account,” Diego says, and his voice is granite. “Your credentials. Your commit signature.”

“I didn’t—” Luciana’s breath catches. Her face goes white, then gray, then something terrible. “Oh God. Oh Dios mío.” She presses her hand over her mouth like she’s going to be sick. “Marco.”

The name comes out strangled. Her whole body is trembling now.

Stefan leans forward. “What about Marco?”

“He borrowed my laptop. Multiple times. Said he needed to check something, review some documentation. I never thought—” Her voice breaks. “He has my passwords. I gave them to him. Because I trusted him. Because I was stupid enough to believe—”

She can’t finish the sentence. The woman who always has the perfect angle, the perfect lighting, the perfect story — she has no story for this.

The Truth

10:15 AM.

They’ve moved to Don Hernando’s office. The old man sits behind his desk, his face carved from stone. Laura stands in the corner, watching everything, saying nothing.

Luciana is crying. Not the performative tears of someone seeking sympathy — the raw, ugly tears of someone whose world has collapsed.

“Marco approached me eight months ago,” she says. “At a networking event. He was charming. Sophisticated. He said he was consulting for companies across Latin America, that he had connections in Europe, that he could help my career.”

“And you believed him,” Don Hernando says.

“I wanted to believe him.” Luciana wipes her eyes. “He made me feel special. Important. Like I was more than just the marketing girl at a struggling startup.”

Don Hernando's office. Luciana sits across from him, mascara streaked, the facade finally cracked. Diego stands by the window. Camila watches from the corner, her notebook closed for once.
"I wanted to believe him."

“So you gave him access to our systems.”

“I gave him my heart. The access was just…” A sob rips out of her throat. Mascara runs down her cheeks in dark rivers. “I didn’t know what he was doing. I didn’t know he was sending data to anyone. I thought he was just—” She laughs, and it’s an ugly sound. “I thought he loved me. Me. The stupid little marketing girl who was so desperate for attention she handed her passwords to the first man who called her beautiful.”

Her voice rises, cracking. “I am such a fucking idiota.”

Stefan speaks for the first time. “The logging code is sophisticated. Not something an Agile consultant would typically write.”

“Marco isn’t just a consultant,” Diego says quietly. “I’ve been doing some research. He’s connected to a network of investors who specialize in distressed acquisitions. They identify struggling companies, accelerate their failures, then buy the pieces for pennies.”

The room absorbs this.

“Alejo,” Don Hernando says. It’s not a question.

“They know each other from banking circles. Marco was brought in to destabilize us. Luciana was just—”

“A tool,” Luciana finishes bitterly. “A useful idiot with a pretty face and no self-respect.”

Don Hernando is quiet for a long moment. Then:

“Everyone makes mistakes, señorita. The question is what you do next.”

The Proposition

11:30 AM.

While Luciana composes herself in the bathroom, Diego pulls Camila aside.

“There’s something else. Something I’ve been waiting to tell you until we dealt with this.”

“More bad news?”

“Actually… I’m not sure what it is.” Diego pulls out his phone, shows her a message thread. “Elena Vargas. She’s the CTO at MiPago. Our biggest competitor.”

Camila reads the messages. Her eyebrows rise.

“She wants to meet? Why would the competition want to talk to us?”

“That’s what I asked.” Diego scrolls to the latest message. “Read her answer.”

Diego shows Camila his phone in the hallway outside Don Hernando's office. The message thread glows on the screen. The competition wants to talk — and the reason might change everything.
"She wants to meet? Why would the competition want to talk to us?"

Camila reads aloud: “‘We’ve been watching FinPulso’s recovery. What you’ve accomplished in two months is more than we’ve managed in two years. We have market reach but can’t execute. You can execute but need market reach. Perhaps we should stop pretending to be enemies.’”

She looks up at Diego.

“Is this real?”

“I worked with Elena years ago. Before either of us joined our current companies. She’s genuine. Smart. Not like the MiPago leadership we’ve heard about.”

“And what does she want?”

“A meeting. Off the record. To explore whether there’s a path that doesn’t involve destroying each other.” Diego pauses. “She specifically asked for you.”

“For me?”

“She said, ‘I want to talk to whoever built your deployment pipeline. That’s the person who actually understands what you’ve achieved.’”

Camila doesn’t know what to say. Three months ago, she was a junior developer whose ideas were ignored. Now the CTO of their largest competitor is asking to meet her.

The Warning

2:00 PM.

Stefan finds Camila on the rooftop terrace. She’s staring at the Bogotá skyline, her notebook open but empty.

“Diego told me about MiPago’s offer,” he says, settling into a chair beside her.

“It’s not an offer yet. It’s a conversation.”

“Conversations become offers. The question is whether you’re ready for what comes after.”

Camila turns to look at him. “What do you mean?”

“If you meet with Elena Vargas, and the conversation goes well, you’ll have a decision to make. Not just for the company — for yourself.” Stefan’s voice is thoughtful. “You’ve built something remarkable here. In a few months, you’ve transformed how FinPulso delivers software. But that transformation has made you visible. Valuable. Other companies will notice.”

Stefan and Camila on the rooftop terrace, the city sprawling below them. He's warning her about what comes next. She's learning that success creates new kinds of problems.
"That transformation has made you visible. Valuable."

“You think they’ll try to recruit me?”

“I think you need to know what you want before someone else tells you.” Stefan smiles faintly. “When I was your age, I let other people define my success. Bigger titles, bigger salaries, bigger responsibilities. I chased what they wanted until I forgot what I wanted. And then I broke.”

“Your burnout.”

“My burnout. It took losing everything to realize that what I actually valued was the work itself. The craft. Helping teams build things that matter.” He meets her eyes. “What do you value, Camila? Not what FinPulso values, not what the investors value. What do you want?”

Camila is quiet for a long moment.

“I want to build things that work,” she says finally. “I want to be part of a team that cares about doing it right. I want to keep learning from people who know more than I do.” She pauses. “And I want to prove that the way we do things — the tests, the deployments, the collaboration — isn’t just faster. It’s better. For everyone.”

Stefan nods. “Then that’s your compass. Whatever Elena Vargas proposes, whatever Don Hernando decides, whatever Alejo tries next — that’s how you navigate.”

The Shadow’s Move

Somewhere in Bogotá. 4:00 PM.

Alejo’s phone has been ringing all morning. Marco, increasingly frantic. The data pipeline has gone dark. Something has changed.

Alejo doesn’t answer. Instead, he places a call of his own.

“Mariana,” he says when she picks up. “Thank you for taking my call.”

“I almost didn’t.” Mariana’s voice is cold. “You were removed from the board for a reason.”

“For politics. Not for performance.” Alejo keeps his voice smooth, confident. “I’m calling because I have information. About FinPulso’s future. Information the board should consider before making any… permanent decisions.”

Alejo in his apartment, phone to his ear, watching the city through floor-to-ceiling windows. His exile hasn't diminished his ambition. If anything, it's sharpened it.
"I have information the board should consider."

Silence on the line.

“I’m listening,” Mariana says finally.

“MiPago is preparing an acquisition offer. They’ve been in contact with Diego Vargas — who, you’ll recall, left FinPulso under questionable circumstances and is now somehow trusted with rebuilding the company.”

“Diego returned to help. The circumstances are documented.”

“Are they? Or is he a Trojan horse, preparing the way for a competitor takeover?” Alejo lets that hang. “The German consultant leaves for Panama. The junior developer suddenly becomes technical lead. Diego — who worked for the competition for three months — is welcomed back like a prodigal son. And now MiPago wants to ‘collaborate.’”

“These are coincidences, Alejandro. Not evidence.”

“Perhaps. But do you want to risk $15 million on perhaps?” Alejo’s voice drops, becomes almost intimate. “I’m not asking to return to the board. I’m asking for a meeting. One hour. Let me show you what I’ve discovered. Then you can decide for yourself who’s really looking out for FinPulso’s interests.”

The silence stretches.

“One hour,” Mariana says. “Monday. My office.”

Alejo smiles. The hook is set.

The Meeting

Sunday, 3:00 PM. Café Cultor, Chapinero.

Elena Vargas is not what Camila expected.

She’s older — early forties — with gray streaking through her dark hair and the weathered confidence of someone who has shipped software through multiple economic crises. She wears no jewelry except a simple wedding band. Her laptop bag looks like it’s survived a war.

“Thank you for coming,” Elena says, shaking Camila’s hand. “I know this is unusual.”

“That’s one word for it.” Camila sits across from her, Diego beside her. Stefan declined to attend — “This conversation is about you, not me.”

“Let me be direct.” Elena opens her laptop, turns it to face them. “Six months ago, MiPago was winning. We had three times your market share. We had bank partnerships you couldn’t match. We were supposed to crush FinPulso by Christmas.”

A coffee shop in Chapinero. Elena Vargas, CTO of MiPago, sits across from Camila and Diego. Laptops open, coffee untouched. Two competitors discovering they might have more in common than they thought.
"Six months ago, we were supposed to crush you by Christmas."

“What happened?” Diego asks.

“We couldn’t ship. Every feature took six months. Every deployment required a war room. Every bug fix broke something else.” Elena shakes her head. “We have forty developers. You have twelve. And somehow you’re deploying daily while we’re still planning quarterly releases.”

“We almost collapsed,” Camila says. “The demo disaster. You must have heard.”

“I heard. And then I watched you recover. Watched you actually fix the problems instead of hiding them. Watched you build something real.” Elena leans forward. “That’s when I realized: we’re not competing with your product. We’re competing with your process. And we’re losing.”

Camila and Diego exchange glances.

“So what are you proposing?” Camila asks.

“I don’t know yet. That’s why I wanted to talk.” Elena closes her laptop. “Maybe a partnership — our distribution, your technology. Maybe a merger. Maybe just sharing knowledge. Maybe nothing at all.” She meets Camila’s eyes. “But I’m tired of pretending we’re doing this right when we’re not. And I think you might be the only people in Bogotá who actually know how to build software.”

The Choice

Sunday, 8:00 PM.

Don Hernando listens to Camila’s report in silence. Diego fills in details. Stefan observes from his usual corner.

“So our competitor wants to surrender,” Don Hernando says finally.

“Not surrender. Collaborate.”

“In my experience, there’s little difference.” The old man rises, walks to his window. “When I was young, the cattle barons of the Llanos would sometimes propose ‘collaboration.’ Shared grazing rights. Mutual assistance during droughts. It always ended the same way — the weaker partner absorbed by the stronger.”

Don Hernando's office, evening light. He stands at the window, silhouetted against the Bogotá skyline. Camila and Diego wait. The old rancher is weighing options that could define FinPulso's future.
"In my experience, collaboration and surrender are little different."

“With respect, patrón,” Camila says, “we’re not cattle ranchers.”

Don Hernando turns, surprised.

“The software industry doesn’t work like the Llanos. The resources aren’t finite. If we help MiPago improve their delivery, it doesn’t take anything from us — it proves that what we’ve built has value beyond FinPulso. It proves that the process matters.”

“And if they simply steal our methods? Use them against us?”

“Then we’ll have helped improve fintech for Colombian users. Which is what we said we wanted to do in the first place.”

Don Hernando studies her. The junior developer who built a working system in secret. Who saved the company when the demo crashed. Who is now telling the old patriarch how the world works.

“You’ve changed,” he says quietly. “The girl who hid her project for three months because she was afraid no one would listen — she wouldn’t speak to me like this.”

“Maybe I learned that speaking up is safer than staying silent.”

“Maybe.” Don Hernando almost smiles. “What does Stefan think?”

Stefan stirs. “I think sustainable competitive advantage doesn’t come from secrets. It comes from capability. If FinPulso’s capability is strong enough, sharing it only makes you stronger. If it isn’t…” He shrugs. “Then you’ll find out sooner rather than later.”

The Ally

Monday, 9:00 AM.

Isabella finds Luciana in the empty marketing office. She’s been packing her desk — photos, awards, the carefully curated artifacts of a career built on appearances.

“Don Hernando didn’t fire you,” Isabella says.

“He should have.” Luciana doesn’t look up. “I let Marco use my credentials to spy on the company. It doesn’t matter that I didn’t know. I was stupid. Reckless. I cared more about a man’s attention than my own judgment.”

“That’s not stupidity. That’s being human.”

Luciana finally meets Isabella’s eyes. “You never liked me.”

“No. I didn’t.” Isabella sits on the edge of the desk. “You were everything I taught myself not to be. Obsessed with image. Chasing approval. Willing to compromise for the right Instagram story.”

Isabella and Luciana in the empty marketing office. Boxes half-packed. Two women who never understood each other, finding unexpected common ground in failure.
"You were everything I taught myself not to be."

“So why are you here?”

“Because I’ve also learned something these past months. About judgment. About second chances.” Isabella pauses. “You have information about Marco. About how he operates, who he’s connected to, what he’s really after. That information is valuable. And if you want to make things right, using it might be the place to start.”

Luciana is quiet for a long moment.

“He’s still in contact with Alejo,” she says finally. “I saw messages on his phone. Alejo is planning something — something big. He’s been meeting with people, building alliances. I think he wants to come back.”

“Come back how?”

“I don’t know. But Marco was supposed to help create the conditions. Destabilize FinPulso from inside. Make the investors lose confidence.” Luciana’s voice hardens. “He used me for that. And I’m going to make sure it doesn’t work.”

Isabella extends her hand. “Then maybe we can work together after all.”

The Metrics Milestone

Monday, 10:00 AM. FinPulso office.

The team gathers in the conference room for the first time since the pilot agreement. Don Hernando approved the collaboration with MiPago, and now it’s time to review the initial results.

Camila stands at the whiteboard, marker in hand. The room is quiet, expectant.

The FinPulso team gathered in the conference room, Camila at the whiteboard writing metrics like 'Defect Rate: 4% (down from 18%)'. Expressions show pride and relief.
"The defect rate has fallen from 18% to 4%. That's real progress."

“Since we implemented the recovery plan,” she begins, “our metrics have improved significantly. Deployment frequency is up 300% — we’re now averaging 12 deployments per week. Production outages have dropped to zero in the last month.”

She writes the numbers on the board: Deployment Frequency: 12/week Outages: 0

Diego nods. “The defect rate has fallen from 18% to 4%. That’s real progress.”

Defect Rate: 4% (down from 18%)

Pipe, usually gruff, allows himself a small smile. “The legacy systems are stable. No more midnight firefights.”

Isabella leans forward. “User satisfaction is up 25%. The credit unions are actually using the platform now, not just testing it.”

User Satisfaction: +25%

Sebastián watches the numbers accumulate. His voice is quiet when he speaks. “These aren’t just metrics. They’re proof that what we did — the honesty, the rebuilding — it worked. We stopped pretending and started delivering.”

Don Hernando, sitting in his usual chair, nods slowly. “Numbers tell the truth. And these numbers say we’re on the right path.”

The room is silent for a moment, absorbing the weight of their achievement. For the first time, the future feels possible.


The Threat

Monday, 2:00 PM. Mariana’s office.

Alejo arrives in his best suit, carrying a leather portfolio filled with carefully prepared documents. Evidence, he calls it. Proof of Diego’s duplicity, Camila’s inexperience, Stefan’s hidden agenda.

Mariana listens. Reads. Asks questions.

And then she leans back in her chair.

“This is impressive work, Alejandro. Very thorough.”

“Thank you.”

“There’s just one problem.” Mariana slides a folder across the desk. “We already know everything you’ve told me. And we know something you don’t.”

Mariana's office. Alejo sits across from her, his confident smile faltering. The folder she's pushed toward him contains something unexpected. The hunter has become the hunted.
"We already know everything you've told me."

Alejo opens the folder. Inside are bank records. Meeting schedules. Email transcripts. A detailed timeline of his secret negotiations with MiPago — not Elena’s collaboration proposal, but the hostile acquisition he’d been planning before his removal from the board.

“Where did you get this?”

“Does it matter?” Mariana’s voice is ice. “You weren’t just advising MiPago on how to compete with us. You were planning to engineer our failure so you could buy the pieces. You were going to destroy Don Hernando’s investment, take control of the company, and sell it to the highest bidder.”

“That’s not—”

“Save it.” Mariana stands. “The board has already reviewed this material. As of this morning, your shares are frozen pending legal review. If you attempt to contact any FinPulso employee, investor, or partner, we’ll pursue criminal charges.”

Alejo’s mask finally cracks. The smooth confidence, the practiced charm — it falls away, revealing something desperate underneath.

“You can’t do this. I’m still a shareholder. I have rights.”

“You have lawyers. Use them.” Mariana walks to the door and opens it. “This meeting is over.”

The Path Forward

Monday, 6:00 PM.

The team gathers in the conference room. Not for a crisis meeting — for something rarer. A planning session. A conversation about what comes next.

Camila stands at the whiteboard, marker in hand. Beside her is a diagram: FinPulso’s current capabilities on one side, MiPago’s market position on the other. In the middle, a question mark.

“Elena Vargas has proposed a pilot project,” Camila says. “Three months. We help their team adopt our deployment practices. They give us access to their bank partnerships. At the end, we evaluate whether a deeper collaboration makes sense.”

“And if it doesn’t?” Sebastián asks.

“Then we’ve learned something about how other companies work. And they’ve learned something about how we work.” Camila pauses. “Either way, we’re stronger.”

The conference room, evening. Camila at the whiteboard, the team gathered around. This isn't a war room anymore — it's a strategy session. The tone has changed from survival to growth.
Not a war room anymore. A strategy session.

Don Hernando speaks from his usual chair. “My instinct says this is a trap. That MiPago is playing us.”

“Your instinct has been wrong before, patrón,” Diego says quietly. “With respect.”

“Yes. It has.” The old man looks around the room. At Camila, who saved his company. At Diego, who returned when he could have stayed away. At Pipe, who finally stopped fighting and started building. At Isabella, who kept notes on Alejo when everyone else was fooled. At Sebastián, his co-founder, who is learning to lead instead of hide.

“Perhaps,” Don Hernando says, “it’s time I trusted a different instinct. Yours.”

He looks at Camila.

“Set up the pilot. But carefully. And keep Stefan involved — at least by phone. I want someone with experience watching for traps we might miss.”

Camila nods. “I’ll reach out to Elena tonight.”

The Return

That night. Stefan’s finca, Panama.

The call comes through just as Stefan is settling onto his terrace, aguardiente in hand, horses grazing in the field below.

“She did well,” Camila’s voice says through the phone. “Luciana. She gave us everything she had on Marco and Alejo. Isabella is helping her put together a formal statement.”

“And the MiPago proposal?”

“Don Hernando approved the pilot. Three months, focused on deployment practices.”

Stefan smiles. “You convinced him.”

“I don’t know what convinced him. Maybe exhaustion. Maybe age. Maybe he’s finally learning that he doesn’t have to control everything.”

Stefan on his terrace in Panama, phone to his ear, watching his horses graze as the sun sets. The news from Bogotá is good. His work there might finally be taking root.
The news from Bogotá was good. His work there might finally be taking root.

“Or maybe,” Stefan says, “he’s learning that the people closest to the work understand it best. And that trusting them isn’t weakness — it’s wisdom.”

Camila is quiet for a moment.

“When are you coming back?”

“For the pilot? I’ll be there. But Camila—” He pauses. “You don’t need me the way you did. You know that, right?”

“I know.” Her voice is soft. “But I’m glad you’ll be there anyway.”

“So am I.”

He hangs up. The sun is setting over Panama, painting the sky in oranges and purples. Somewhere in Bogotá, a team is learning to build software the right way. And somewhere in a lawyer’s office, Alejo is realizing that his game is finally, truly over.

Or so they hope.

The Final Move

Midnight. Unknown location.

Alejo’s phone buzzes. A message from a number he doesn’t recognize.

Unknown Mariana thinks she's won. She hasn't.

Alejo Who is this?

Unknown Someone who shares your interests. And has resources you don't.

Alejo What resources?

Unknown Vulcano Capital invested $15 million in FinPulso. But we're not the only ones watching. There's another investor. Bigger. And they're very interested in what happens next.

Alejo What do they want?

Unknown A meeting. Tomorrow. Come to the address I'm sending.

Alejo Why should I trust you?

Unknown Because you have no other options. And because we want the same thing you want.

Alejo Which is?

Unknown FinPulso. All of it. And we're willing to pay.

Alejo in darkness, his face lit by his phone screen. The message promises another chance. Another game. The smile that returns to his face is not the smile of a man who has learned his lesson.
Alejo had lost the battle. But the war was just beginning.

Alejo stares at the message. His empire has crumbled. His schemes have been exposed. His allies have abandoned him.

But someone new is reaching out. Someone with money. Someone with plans.

The smile that spreads across his face is not the smile of a defeated man. It’s the smile of a predator who has just caught a new scent.

He types a reply:

Alejo Send the address.

Next Episode: "La Verdad" All secrets come out. The board convenes for a final reckoning. Confrontations that have been building for months finally explode. And in the aftermath, relationships are tested, alliances shift, and everyone at FinPulso must face the truth about who they are and what they're willing to fight for.
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