Koibanx integrates blockchain technology into the LATAM banking infrastructure, enabling financial institutions to utilize programmable assets and facilitate cross-border transactions. Their platform addresses the inefficiencies of traditional payment systems by providing instant transfers and cryptocurrency functionalities across multiple currencies.
Funding
$22M 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.
AFounders
Product
Problem
Traditional financial institutions in Latin America face challenges in efficiently processing cross-border transactions and integrating with modern digital asset systems. Existing payment infrastructures often lack the interoperability needed to support diverse asset types and evolving regulatory landscapes.
Solution
Koibanx offers a blockchain-based platform that enables traditional financial institutions in Latin America to integrate with the digital asset ecosystem. The platform provides a regulated end-to-end solution for tokenizing assets, connecting to traditional finance infrastructure, and incorporating cryptocurrency functionalities. By leveraging blockchain technology, Koibanx facilitates instant cross-border transfers and supports programmable assets, allowing financial institutions to modernize their payment systems and offer new services. The platform's modular design includes a transactional core that connects to the banking core via APIs, a checkout solution for payment processing, and cross-border settlement capabilities.
Target Audience
Koibanx primarily targets traditional financial institutions in Latin America seeking to modernize their infrastructure and integrate with blockchain technology and digital assets.
Features
- Transactional Core: API-driven, blockchain-based software that connects to the existing banking core.
- Checkout: Enables trading platforms and payment processors to receive payments in any currency.
- Cross-Border Settlements: Facilitates instant transfers from the US to Latin America across nine countries.
- Crypto as a Service: Provides cryptocurrency infrastructure for integration into existing transactional channels.
- Tokenization: Allows representation of real-world assets on the blockchain.
- Interoperability: Connects financial institutions, enabling communication and transactions across different systems.
- Regulatory Compliance: Designed to meet evolving regulatory requirements in the financial sector.