Colombian fintech Cobre secured $ 35M in Series B funding. The round was led by Oak HC/FT, with additional investment from Kaszek, QED, and Canary.
Cobre will use the funds to invest in commercial efforts and further develop its products.
Cobre specializes in managing interoperable payments and centralizing treasury operations for businesses. With the platform, businesses can initiate payments, check balances, and access more precise and personalized financial reports. Its newest product, Cobre Connect, simplifies and speeds up financial transactions. The founding team includes JosĂŠ Gedeon, Felipe Gedeon, and Alberto Chejne.
âItâs natural for businesses to have multiple financial partners, trusted banks, and providers, but each platform speaks a different language. With Connect, we aimed to give financial tools a universal language. We built a platform that acts as a universal translator for all banks and payment methods a company may use,â explained Felipe GedeĂłn.
Since its last funding round in October 2023, Cobre has grown sixfold, reached financial breakeven, and processed 12 trillion Colombian pesos in transactions in early 2024.
To know more, visit Latam Fintech Hub.
