Cobre provides a centralized platform that integrates banking accounts and facilitates real-time payments for companies in Latin America, addressing inefficiencies in money movement and transaction delays. Its technology enables businesses to optimize treasury processes and execute international payments swiftly, enhancing financial control and operational efficiency.
Funding
$63.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Companies in Latin America face challenges with fragmented banking systems, manual treasury processes, and delays in cross-border payments, leading to inefficiencies in money movement and hindering financial control. Existing solutions often lack real-time capabilities and seamless integration with existing enterprise resource planning (ERP) and accounting systems.
Solution
Cobre provides a centralized, API-first platform that streamlines financial operations for businesses in Latin America, offering interoperability across banking accounts and real-time payment processing. The platform enables businesses to optimize treasury management, execute local and international payments swiftly, and build new financial products. By integrating with existing ERPs and accounting systems, Cobre delivers a unified view of finances, automates reconciliation, and reduces transactional errors. Its modular architecture allows companies to select and integrate only the services they need, including local payments, cross-border payments, and bank connectivity.
Target Audience
Cobre targets medium to large enterprises, including fintechs, PSPs, banks, and corporations with high transaction volumes and complex payment flows in Latin America.
Features
- Centralized platform for managing local and international payments in Latin America
- Real-time payment processing via API, available 24/7/365
- Bank connectivity to access accounts, balances, and transaction history in one place
- Automated reconciliation of bank statements and transaction data
- FX trading capabilities with real-time currency exchange
- Customizable user roles and permissions
- Integration with ERP and accounting systems
- Compliance with ISO 27001, SOC 2 Type II, and PCI DSS v4.0.1 security standards