Minteo
Minteo is a Colombia-based stablecoin settlement layer for Latin America, issuing fiat-backed regional stablecoins (COPM, MXNM, CLPM, PENM) across Polygon, Celo, and Solana, with monthly BDO reserve audits and an enterprise API for regional payouts and currency swaps.
- Company typePrivate
- Founded2022
- HeadquartersBogotá, Colombia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Minteo does
Minteo is a Colombia-headquartered stablecoin settlement infrastructure provider targeting Latin American cross-border payments. Originally launched as an NFT marketplace in 2021-2022, the company has since pivoted to issuing fiat-backed regional stablecoins and operating settlement rails across multiple blockchains. Its core product set includes COPM (Colombian Peso), MXNM (Mexican Peso), CLPM (Chilean Peso), and PENM (Peruvian Sol), each designed to be backed 1:1 by reserves and to interoperate with USDC for liquidity management.
The technology stack is blockchain-agnostic, with issuance and redemption deployed across Polygon, Celo, and Solana, supported by open-source smart contracts, multisig custody, 2FA, and smart contract audits by Hacken and Cyberscope. Reserves are audited monthly by BDO, providing a recurring third-party verification layer. The company operates a regional payouts API and currency swap functionality alongside tokenization and redemption, positioning it as a settlement layer rather than purely an issuer.
Minteo's commercial model combines tokenization/redemption fees, currency swap spreads, and enterprise API contracts with quote-based pricing that requires enterprise approval, implying an enterprise field sales motion directed at corporate treasury, remittance operators, and fintechs in Latin America. The company has 11-50 employees and has raised a $4.3M seed round in September 2022 led by Fabric Ventures and OpenSea Ventures; no subsequent funding round has been disclosed in the available data.
Minteo firmographics
Firmographics- Name
- Minteo
- Legal name
- Minteo
- Website
- https://minteo.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Minteo is a Colombia-based stablecoin settlement layer for Latin America, issuing fiat-backed regional stablecoins (COPM, MXNM, CLPM, PENM) across Polygon, Celo, and Solana, with monthly BDO reserve audits and an enterprise API for regional payouts and currency swaps.
- Ownership category
- akta.pro rank
Minteo industry classification
Industry- Product category
- Stablecoin Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Stablecoin Issuers (Fiat-Backed) (FSADADAA)
- akta.pro secondary industries
- Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG), Compliance, Attestations, Proof-of-Reserves & Reporting (Stablecoins) (FSADADAI), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Minteo is headquartered
LocationHeadquarters
- HQ city
- Bogotá
- HQ country
- Colombia
- HQ region
- Latin America
Offices1 record
Markets served
Minteo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Tokenization and Redemption Fees: Fees charged for tokenization (converting fiat to digital) and redemption (converting digital back to fiat) of COPM stablecoins. Local tax withholdings may apply depending on business nature and customer location.
- Currency Swap Spread: Revenue generated from the spread between buy and sell rates when users swap USDC or other USD-based stablecoins to Latin American on-chain currencies (COPM, MXPM, CLPM, PENM).
- Regional Payout Services: API-based payout services enabling third-party payouts to all of Latin America, likely generating fees per transaction or a percentage of transaction value.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Enterprise/Business - Custom pricing based on use case and volume |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Minteo product offering
Product offeringCore offering
Minteo provides a stablecoin settlement layer for Latin America, anchored by COPM, the first fiat-backed Colombian Peso stablecoin, alongside MXNM, CLPM, and PENM stablecoins for Mexico, Chile, and Peru. The platform enables instant USDC-to-Latam currency swaps, tokenization and redemption of digital Latam currencies, and a Regional Payouts API for cross-border payouts serving as a SWIFT alternative. All stablecoins are 1:1 reserve-backed, audited monthly by BDO, and operate across Polygon, Celo, and Solana networks.
Product overview
Minteo is a stablecoin settlement layer for Latin America, offering a platform for remittances, payouts, foreign exchange, and real-world asset tokenization. The core product is COPM (COP Minteo), the first fiat-backed Colombian Peso stablecoin, supported alongside MXNM (Mexican Peso), CLPM (Chilean Peso), and PENM (Peruvian Sol). The platform enables stablecoin swaps, tokenization/redemption of digital Latam currencies, and regional payouts via API. Built on Polygon, Celo, and Solana with USDC integration, Minteo positions itself as a better-than-SWIFT infrastructure for moving money in emerging markets.
Differentiator
Problem solved
Functional benefit
Brands
- COPM: COP Minteo - The 1st fiat-backed Colombian Peso Stablecoin
Products and services
- COPM (COP Minteo) The first fiat-backed Colombian Peso stablecoin, fully collateralized with highly liquid assets held in reserve at regulated financial entities. Mintable and redeemable on a 1:1 basis and available across Polygon, Celo, and Solana for Latin American businesses and developers.
- Stablecoin Swap Instant swap service enabling users to convert between leading USD-based stablecoins (including USDC) and on-chain Latin American currencies (COPM, MXNM, CLPM, PENM) at competitive rates. Designed for businesses and developers moving funds across Latam rails.
- Tokenization & Redemption Service enabling businesses to tokenize (convert fiat to digital) and redeem (convert digital back to fiat) Latin American currencies with 1:1 backing and full redeemability. Available across COP and other supported Latam currencies.
- Regional Payouts API API-powered third-party payout service that streamlines payments to all of Latin America using stablecoin infrastructure. Serves as a SWIFT alternative for developers and businesses sending regional payouts programmatically.
Quantifiable outcome
- Better than SWIFT - faster and cheaper cross-border settlement infrastructure for Latin America
Companies that use Minteo
Customer profileSegments2 records
Ideal customer profiles1 record
Minteo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Minteo partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- BDOcoreIndependent auditor providing monthly reserve attestations for COPM. BDO is one of the world's largest advisory firms serving clients in 164 countries. They verify the existence and authenticity of Minteo's reserves backing COPM.
- HackencoreThird-party blockchain security firm conducting smart contract audits for Minteo. Audit reports are made publicly available.
- CyberscopecoreThird-party blockchain security firm providing smart contract audits for Minteo's stablecoin infrastructure.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Minteo competitors and assessment
Company assessmentDirect peers
- Bitso: Mexico-headquartered crypto exchange and payments platform with deep LatAm presence, offering stablecoin trading, local-currency on/off-ramps, and B2B payout APIs. Directly comparable as a LatAm-focused stablecoin and fiat settlement infrastructure operator with similar geographic coverage and customer base.
- Circle (USDC): Issuer of USDC, the dominant regulated USD stablecoin that Minteo explicitly integrates for liquidity and on-ramps. Both operate regulated, fiat-backed stablecoin issuance with attestation frameworks (Circle via independent accountants, Minteo via BDO) and compete for institutional trust in the stablecoin space.
- Tether: Issuer of USDT, the largest USD stablecoin by circulating supply. Comparable as a fiat-backed stablecoin issuer competing for LatAm trading and remittance flows; differs in transparency posture, which is part of why Minteo's BDO audit cadence is positioned as a differentiator.
- Belo: Argentina-based crypto fintech offering dollar-based savings, payments, and on/off-ramp services via stablecoins. Comparable as a LatAm stablecoin-native fintech addressing local-currency volatility and cross-border payment pain points similar to Minteo's COP/MXN/CLP/PEN stablecoins.
- Paxos: Regulated US-based blockchain infrastructure firm issuing multiple fiat-backed stablecoins (USDP, PYUSD) with regulatory oversight and attestations. Comparable as a regulated, fiat-backed stablecoin issuer with strong compliance posture and multi-chain support, similar to Minteo's positioning.
- Transfero: Brazil-headquartered crypto and fintech group providing stablecoin issuance, OTC, and cross-border payment services across LatAm. Comparable as a LatAm-focused stablecoin and cross-border payment infrastructure operator with similar geographic ambition and enterprise B2B focus.
Broad incumbents
- Mercado Pago: LatAm payments and digital wallet platform owned by Mercado Libre, serving millions of users across the region with payment, payout, and increasingly crypto capabilities. Comparable as a dominant LatAm payment and settlement incumbent that Minteo's SWIFT-replacement narrative implicitly competes against.
- Ripple: Enterprise blockchain and cross-border payment network (RippleNet, XRP, RLUSD stablecoin) targeting SWIFT replacement and remittance corridors. Comparable as a higher-scale competitor in the cross-border settlement narrative Minteo targets, with broader geographic and institutional reach.
- Stellar Development Foundation: Foundation supporting the Stellar blockchain network, widely used for stablecoin issuance, cross-border payments, and fiat on/off-ramps, particularly in emerging markets. Comparable as a multi-chain infrastructure layer competing for LatAm stablecoin settlement flows and developer mindshare.
Emerging players
- Lemon Cash: Argentina-based crypto fintech offering stablecoin savings, payments, and on/off-ramps across multiple LatAm countries. Comparable as an emerging LatAm stablecoin-native fintech addressing similar use cases, though smaller in scale and with narrower currency coverage than Minteo's four-stablecoin footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Minteo social profiles
Digital presenceMinteo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Minteo leadership team
Management profileNumber of profiles
Profiles1 record
Minteo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Minteo 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 Minteo
What does Minteo do?
Minteo provides a stablecoin settlement layer for Latin America, anchored by COPM, the first fiat-backed Colombian Peso stablecoin, alongside MXNM, CLPM, and PENM stablecoins for Mexico, Chile, and Peru. The platform enables instant USDC-to-Latam currency swaps, tokenization and redemption of digital Latam currencies, and a Regional Payouts API for cross-border payouts serving as a SWIFT alternative. All stablecoins are 1:1 reserve-backed, audited monthly by BDO, and operate across Polygon, Celo, and Solana networks.
Is Minteo a public or private company?
Minteo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Minteo founded?
Minteo was founded in 2022. It employs 11 to 50 people.
Where is Minteo based?
Minteo is headquartered in Bogotá, Colombia, in the Latin America region.
How does Minteo make money?
Three revenue lines are on record. Tokenization and Redemption Fees are the primary driver. The others are currency Swap Spread and regional Payout Services.
Who are Minteo's main competitors?
Direct peers on record are Bitso, Circle (USDC), Tether, Belo, Paxos and Transfero. Broad incumbents are Mercado Pago, Ripple and Stellar Development Foundation. Lemon Cash is listed as an emerging player.
Does Minteo have an API?
Yes. Minteo offers an API for streamlining third-party payouts to all of Latin America. The API enables developers to send payouts regionally using stablecoin infrastructure. No public documentation URL, SDK details, or technical specifications (REST/GraphQL, auth method, rate limits, versioning) are provided in the source materials.
What industry is Minteo in?
Minteo's product category is Stablecoin Payment Infrastructure. Its primary akta.pro industry code is FSADADAA, Stablecoin Issuers (Fiat-Backed), with a secondary code of FSADADAE, Mint/Redeem, Issuance APIs & Treasury Operations Platforms. Its NAICS code is 522320 and its SIC code is 6199.