Koibanx
Koibanx is a Latin American blockchain infrastructure provider serving banks, payment processors, and governments with tokenization, cross-border settlement, and crypto-as-a-service solutions built on a regulated, API-based platform.
- Company typePrivate
- Founded2015
- HeadquartersBuenos Aires, Argentina
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Koibanx does
Koibanx is a Buenos Aires-headquartered blockchain infrastructure provider founded in 2015 that builds regulated, API-based software connecting traditional Latin American financial institutions to blockchain and digital asset functionality. The company operates a regulated end-to-end platform composed of four core products: Transactional Core (blockchain-based software that connects to a bank's core and enables creation, management, and programming of tokenized assets, with sub-modules for Digital Wallet, Cashless Collections, Loyalty, Compensation, and Subsidies), Checkout (cryptocurrency payment acceptance with automatic fiat conversion), Cross Border Settlements (instant US-to-LATAM transfers across 8-9 countries with integrated KYC, AML, and FinCen compliance), and Crypto as a Service (turnkey crypto buy/sell/store infrastructure for banks and wallets). The platform is built primarily on the Algorand blockchain protocol and has been used to tokenize over $1 billion in assets across multiple chains.
Koibanx serves financial institutions — including Davivienda, Banco Macro, Banco de Valores, Banco Atlántida, and Río Uruguay Seguros — along with payment processors such as Credibanco and government clients such as the Government of El Salvador, where the company developed national blockchain infrastructure and enabled Lightning Network payments in the Chivo Bitcoin wallet. Revenue is generated through SaaS platform subscriptions combined with transaction processing fees; pricing is quote-based for enterprise financial institutions and is not publicly disclosed. The company operates offices in Argentina, Mexico, Colombia, El Salvador, and Uruguay, with plans to expand into Panama, Paraguay, Guatemala, and Honduras following a $22 million Series A in 2022/2023 led by Algorand.
The company also operates Koipay-branded payment service provider subsidiaries in Argentina and El Salvador, and co-invested with Visa in N1U, a consumer digital wallet for young users and gamers. As of 2023, Koibanx employed approximately 70 people across its LATAM offices and runs a partners program alongside a beta low-code developer platform intended to broaden distribution beyond direct enterprise sales.
Koibanx firmographics
Firmographics- Name
- Koibanx
- Legal name
- Koipay Argentina SA
- Website
- https://koibanx.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Koibanx is a Latin American blockchain infrastructure provider serving banks, payment processors, and governments with tokenization, cross-border settlement, and crypto-as-a-service solutions built on a regulated, API-based platform.
- Ownership category
- akta.pro rank
Koibanx industry classification
Industry- Product category
- Blockchain Financial Infrastructure
- NAICS
- Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Tokenized Debt, Notes & On-Chain Credit Instruments (FSADAFAM)
Keywords
Where Koibanx is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Argentina
- HQ region
- Latin America
Offices5 records
Markets served
Koibanx business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- SaaS Platform Subscriptions: Subscription-based SaaS platform providing blockchain infrastructure and payment rails to financial institutions. The platform is accessible from any device and includes multiple modules (Transactional Core, Checkout, Cross Border, CaaS).
- Transaction Processing: Transaction processing fees from payment gateway services enabling cryptocurrency and multi-currency transactions for merchants and financial institutions.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Koibanx product offering
Product offeringCore offering
Koibanx provides a regulated, end-to-end blockchain-based SaaS platform that connects to traditional banking cores, enabling financial institutions in Latin America to tokenize assets, integrate cryptocurrency services, accept crypto payments, and execute instant cross-border settlements. The platform is offered as four core products: Transactional Core, Checkout, Cross Border Settlements, and Crypto as a Service (CaaS).
Product overview
Koibanx offers a unified platform with four main solutions for financial institutions in Latin America: Transactional Core (banking connectivity with blockchain-based asset management), Checkout (cryptocurrency payment processing), Cross Border Settlements (instant LATAM transfers), and Crypto as a Service (cryptocurrency infrastructure). The Transactional Core includes sub-modules for Digital Wallet, Cashless Collections, Loyalty programs, Compensation, and Subsidies & Directed Consumption. The platform enables programmable assets, tokenization of assets, TradFi connectors, and crypto functionalities, allowing financial institutions to integrate blockchain technology with traditional banking infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- Koipay: Payment service provider (PSP) brand operating in Argentina and El Salvador for cryptocurrency and digital payment services.
Products and services
- Transactional Core Apified, blockchain-based transactional software that connects to the banking core and Financial System Rails. Enables creation and management of tokenized assets, programmable business logic via smart contracts, and crypto compatibility, targeting banks, digital wallets, and financial service providers in Latin America.
- Checkout Crypto and multi-currency payment gateway that allows trading platforms, payment processors, merchants, and e-commerce operators to receive payments in any cryptocurrency. Supports automatic conversion to fiat or investment in other cryptocurrencies and stablecoins.
- Cross Border Settlements Enables instant transfers from the United States to 8+ LATAM countries by collecting USD via ACH, credit, debit, or prepaid cards and/or cryptocurrencies, settling in local currency at destination. Includes integrated KYC, AML, and FinCen compliance for personal and corporate remittances, payments, and collections.
- Crypto as a Service (CaaS) Plug-and-play cryptocurrency infrastructure that allows banks and digital wallets to offer their customers the ability to buy, sell, receive, transfer, and store cryptocurrencies directly on their own platforms, with real-time traceability, monitoring, and secure custody management.
Quantifiable outcome
- Over $1 billion in assets tokenized across different blockchain protocols
- +3 more outcomes
Companies that use Koibanx
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Koibanx technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Koibanx partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, minor and core.
- VisaflagshipCo-invested with Koibanx in N1U, a digital wallet targeting young users and gamers. Koibanx provides core blockchain infrastructure and crypto integration for the project.
- N1UflagshipDigital wallet targeting young users and gamers, developed with Visa and other angel investors. Built on 100% blockchain-based core, with expansion plans for Mexico and Colombia. Koibanx invested and provides infrastructure.
- FinnovistaminorFinnovista publishes Fintech Radar reports covering Argentina and the region, with Koibanx featured as a leading fintech/blockchain company.
- DaviviendacoreDeveloped virtual wallet for Davivienda employees providing benefits distribution with QR code payment capabilities for 17,000+ employees.
- CredibancocoreCollaboration on interoperability implementations in Colombia, working together to advance the fintech ecosystem.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Koibanx competitors and assessment
Company assessmentDirect peers
- Bitso: Bitso is Latin America's largest crypto exchange and payments platform, offering crypto on/off ramps, cross-border remittances, and B2B crypto infrastructure. It is the most direct LATAM competitor to Koibanx's Cross Border Settlements and CaaS products, targeting similar banks and fintechs across the region.
- Mercado Bitcoin: Mercado Bitcoin is Brazil's largest crypto exchange and has expanded into tokenization services (MB Tokens) for financial institutions. It is directly comparable as a regional crypto infrastructure and tokenization platform serving banks and fintechs in LATAM, with overlapping product breadth.
- Ripio: Ripio is an Argentine-founded LATAM crypto platform offering exchange, lending, custody, and B2B infrastructure. It overlaps with Koibanx in providing crypto infrastructure to financial institutions and merchants across the same primary geographies (Argentina, Brazil, Mexico).
- Pomelo: Pomelo is a LATAM fintech-as-a-service platform providing banking infrastructure (cards, accounts, payments) via APIs to financial institutions and fintechs. It is comparable as a LATAM-focused API-first banking infrastructure provider to enterprises, though with less crypto/tokenization emphasis.
Broad incumbents
- Fireblocks: Fireblocks is a global institutional crypto custody and infrastructure platform serving banks and financial institutions with digital asset management, payments, and tokenization. It is a broader incumbent competitor to Koibanx's CaaS and tokenization modules, with more capital and global Tier-1 bank relationships.
- Paxos: Paxos is a regulated blockchain infrastructure platform offering custody, tokenization, and stablecoin services to enterprises and financial institutions globally. It overlaps with Koibanx's tokenization and CaaS offerings but operates at larger scale and broader geographic scope.
- dLocal: dLocal is a LATAM-focused payments platform enabling global merchants to accept local payment methods across emerging markets. While primarily payments rather than crypto, it is comparable as a large-scale LATAM enterprise infrastructure provider serving financial institutions and merchants with cross-border flows.
- BitGo: BitGo is a global institutional digital asset custody and infrastructure provider serving banks, exchanges, and asset managers. It is comparable to Koibanx's CaaS and custody-adjacent offerings with a broader product suite and global bank client base.
Emerging players
- Belvo: Belvo is a LATAM open banking API platform providing financial data aggregation and payment initiation for fintechs and banks. While not crypto-focused, it is comparable as a LATAM API-first infrastructure provider to financial institutions and fintechs, addressing similar developer and enterprise segments.
- Uphold: Uphold is a multi-asset digital money platform enabling trading, payments, and transfers across currencies and crypto. It is comparable as an enterprise-facing crypto infrastructure and cross-border payments provider with overlap in target use cases (payments, multi-currency, stablecoin) and geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Koibanx social profiles
Digital presenceKoibanx compliance and trust
Trust signalCompliance3 records
Koibanx financial estimates
Financial estimateRevenue estimate
Valuation estimate
Koibanx leadership team
Management profileNumber of profiles
Profiles6 records
Koibanx subsidiaries and ownership
Company hierarchySubsidiaries2 records
Koibanx funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Koibanx M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Koibanx
What does Koibanx do?
Koibanx provides a regulated, end-to-end blockchain-based SaaS platform that connects to traditional banking cores, enabling financial institutions in Latin America to tokenize assets, integrate cryptocurrency services, accept crypto payments, and execute instant cross-border settlements. The platform is offered as four core products: Transactional Core, Checkout, Cross Border Settlements, and Crypto as a Service (CaaS).
Is Koibanx a public or private company?
Koibanx is a private company. It is classified as venture growth investor backed and is currently operating.
When was Koibanx founded?
Koibanx was founded in 2015. It employs 51 to 100 people.
Where is Koibanx based?
Koibanx is headquartered in Buenos Aires, Argentina, in the Latin America region.
How does Koibanx make money?
Two revenue lines are on record. SaaS Platform Subscriptions are the primary driver. The others are transaction Processing.
Who are Koibanx's main competitors?
Direct peers on record are Bitso, Mercado Bitcoin, Ripio and Pomelo. Broad incumbents are Fireblocks, Paxos, dLocal and BitGo. Emerging players are Belvo and Uphold.
Does Koibanx have an API?
Yes. Koibanx offers APIs that are described as very intuitive and easy to integrate. The platform provides a SaaS solution accessible from any device. APIs facilitate financial data exchange between traditional banks and fintechs, and enable integration with wallets or banking systems for cryptocurrency services.
What industry is Koibanx in?
Koibanx's product category is Blockchain Financial Infrastructure. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 52321 and its SIC code is 6200.