The Colombian startup Cobre raised $13M to automate corporate payments.
Founded in 2020 by José Gedeon, Felipe Gedeon, José Donato, and Alberto Chejne, Cobre is a payment processing platform transforming financial management for Colombian companies.
Through consolidating financial operations and implementing a PIX-like payment system, Cobre allows companies to connect with the main Colombian banks through an API. This eliminates the need for intermediaries, simplifying the tasks of CFOs.
In August, the company raised $13M in a round led by Kaszek and supported by Atlantico Partners and QED Investors.
Cobre’s 2024 roadmap includes expanding its product offerings to cater to smaller businesses in Colombia and introducing its services to the Mexican market.
Read more on TechCrunch