What Cocos Capital does

Cocos Capital (legal entity Cocos Capital Servicios Digitales S.A.) is an Argentine fintech operating a mobile-first digital investment and settlement platform targeted at Argentine retail investors and SMEs. The company is registered with the Comisión Nacional de Valores (CNV) as Agente de Liquidación y Compensación N°688 and Agente de Colocación y Distribución Integral N°143, and operates out of Buenos Aires. The platform enables 100% digital account opening using DNI and Face ID, and routes custody through Caja de Valores S.A. (CVSA), the Argentine central securities depository.

The product surface spans local Argentine stocks (YPF, Pampa Energía, Loma Negra, Agrometal, Aluar), CEDEARs (Apple, Google, Tesla, Mercado Libre, Netflix, Microsoft), dollar MEP exchange (24/7, ~0.8% spread), government and corporate bonds (AL30, GD30, GD35, TX26), mutual funds (FCIs), cryptocurrencies (BTC, ETH, USDT, DAI), and international/Brazilian (Pix) payments. Cocos organizes these into specialized sub-products — Cocos Pro, Cocos Biz, Cocos FCI, Cocos Gold, Cocos AFI, Cocos Agro, Cocos Pymes — targeting retail, premium, SME, and sector-specific investors. The company reports over 1 million active users, 1,600+ investable companies, and 20+ partners, and on 2025-08-07 acquired Banco Voii, extending its license footprint into banking.

The business model combines transactional revenue (commissions and spreads on trades, particularly dollar MEP) with recurring/asset-based revenue (management fees on Cocos-branded mutual funds, premium subscription tiers) and ancillary fees on payments. Distribution is entirely digital — iOS/Android apps and a web platform — supported by content marketing (Academy, Blog, Glosario, Research), SEO, and a referral program. The founder and CEO is Ariel Sbdar; the firm is privately held with 11–50 employees and no disclosed external funding rounds.

Name

Cocos Capital

Legal name

Cocos Capital Servicios Digitales S.A.

Website

https://cocos.capital

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Cocos Capital is an Argentine fintech operating a CNV-licensed, mobile-first digital investment and settlement platform for retail investors and SMEs, offering stocks, CEDEARs, dollar MEP, bonds, mutual funds, crypto, and cross-border payments.

Ownership category

akta.pro rank

Product category

Retail Brokerage

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Centralized Crypto Exchanges (CEX) (FSAPADAA)

akta.pro secondary industries

Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Retail Crypto Brokerages (Simple Buy/Sell) (FSADAAAB)

Keywords

• Retail investment platform
• Digital brokerage services
• Capital markets trading
• CEDEAR investing
• Dollar MEP exchange

Headquarters

HQ city

Vicente López

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Trading commissions and spreads: Cocos Capital generates revenue through transaction commissions on buy/sell operations and spreads on currency exchange (dólar MEP reported at 0.8% spread). The platform charges transparent fees disclosed upfront as part of its value proposition.
2. Investment fund management (FCI): Revenue from managing Cocos-branded mutual funds (Cocos FCI, Cocos Gold, Cocos Agro, Cocos AFI, Cocos Biz, Cocos Pro, Cocos Pymes), charging management fees on assets under administration.
3. Premium product subscriptions: Premium tiers like Cocos Pro likely generate subscription revenue for enhanced features, lower fees, or priority access to investment products.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Cocos Capital operates a fully digital, mobile-first investment platform enabling Argentine retail investors to trade Argentine stocks, CEDEARs (international stocks), government and corporate bonds, mutual funds, cryptocurrencies, and dollar MEP 24/7. The company is registered as a regulated settlement and clearing agent (Agente de Liquidación y Compensación Nº688) under Argentina's CNV, providing commission-based brokerage, fund management, and international payment services to over one million active users.

Product overview

Cocos Capital is a unified digital investment platform offering a comprehensive portfolio of investment products through a mobile-first, 100% digital experience. The platform's core offering includes local Argentine stocks (Acciones), dollar purchasing (Dólar MEP), CEDEARs for international stocks, bonds (Bonos), negotiable obligations, and cryptocurrencies. The product suite is organized into specialized modules: Cocos Pro (premium), Cocos Biz (business), Cocos FCI (investment funds), Cocos Gold, Cocos AFI (financial advisor), Cocos Agro (agricultural sector), and Cocos Pymes (SMEs). Additional services include international payments, Pix Brasil for Brazil transfers, and educational resources through Academy and Research. The platform is registered as Agente de Liquidación y Compensación N°688 with Argentina's National Securities Commission (CNV).

Differentiator

Problem solved

Functional benefit

Brands

• Cocos Pro: Professional investment product for advanced investors.
• Cocos Biz
• Cocos FCI
• Cocos Gold
• Cocos AFI
• Cocos Agro
• Cocos Pymes

Products and services

• Acciones Argentinas Online brokerage service enabling Argentine retail investors to buy and sell local equities listed on the Buenos Aires Stock Exchange (Merval) such as YPF, Pampa Energía, Loma Negra, Agrometal, and Aluar, with real-time market data and dividend collection.
• Dólar MEP Service enabling users to legally buy and sell US dollars through bond transactions (MEP mechanism) 24 hours a day, 7 days a week, with immediate availability and a quoted 0.8% spread, providing Argentine consumers a legal dollar-access channel amid currency controls.
• CEDEARs Trading of Argentine Depositary Certificates (CEDEARs) that provide peso-denominated, dollar-tracking exposure to international equities such as Apple, Google, Tesla, Amazon, Microsoft, Netflix, Coca-Cola, and Mercado Libre without needing an international brokerage account.
• Bonos (Sovereign Bonds) Fixed-income investment service offering Argentine government bonds (e.g., AL30, GD30, GD35, AL29, GD38, plus CER-adjusted bonds) that pay regular interest and provide inflation-linked or dollar-denominated exposure for retail investors.
• Obligaciones Negociables (Corporate Bonds) Negotiable obligations (corporate bonds) that offer fixed-income returns with lower risk than equities, issued by Argentine companies and tradable through the Cocos app.
• Criptomonedas Cryptocurrency trading service allowing users to buy and sell Bitcoin, Ethereum, USDT, DAI, and other digital assets from within the same app used for traditional market investments.
• Cocos FCI (Fondos Comunes de Inversión) Cocos-branded mutual fund (Fondo Común de Inversión) offering professionally managed diversified portfolios with low minimum initial amounts and flexible redemption; multiple variants cover themes such as gold (Cocos Gold), agriculture (Cocos Agro), and corporate fixed income.
• Cocos Biz Business investment solution targeting corporate clients and SMEs for managing financial portfolios, treasury functions, and corporate reserves through the Cocos platform.
• Cocos Pymes Investment product tailored to small and medium enterprises (PYMEs) in Argentina, enabling SME treasury diversification and corporate investment management.
• Pagos Internacionales International payment service enabling users to make transfers abroad at lower cost than traditional channels (reported savings of up to 30% on international purchases).
• Pix Brasil Pix instant-payment integration enabling Cocos users to make payments and transfers to recipients in Brazil through the same app.

Quantifiable outcome

• Over 1 million active users on the platform
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Comisión Nacional de Valores (CNV)coreOthersArgentine National Securities Commission regulates Cocos Capital as Agente de Liquidación y Compensación N°688 and Agente de Colocación y Distribución Integral N°143, providing regulatory oversight and licensing legitimacy.
• Caja de Valores S.A. (CVSA)coreOthersArgentine central securities depository that provides custody protection for Cocos Capital user investments, ensuring securities are held safely.
• Bolsa de Comercio de Buenos Aires (BCBA)coreTechnology or IntegrationBuenos Aires Stock Exchange is the primary market where Cocos Capital executes Argentine stock trades (YPF, Pampa, Loma Negra, Agrometal, Aluar) and bond transactions as a registered broker.
• NYSE/Nasdaq (via CEDEARs)coreTechnology or IntegrationInternational exchanges integrated through CEDEAR certificates, enabling Argentine investors to access Apple, Google, Tesla, Amazon, Microsoft, Netflix, Coca-Cola, Mercado Libre, and other international stocks.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ualá: Argentine fintech super-app offering digital accounts, cards, and investment products. Direct competitor for Argentine retail investment flows, mentioned alongside Cocos in coverage of SpaceX CEDEAR trading.
• Lemon Cash: Argentine crypto-first fintech that has expanded into stocks, CEDEARs, and dollar access. Direct peer competing for the same retail investment wallet, cited in the same Argentine fintech trading coverage as Cocos.
• Invertironline (IOL): Long-established Argentine online brokerage offering stocks, CEDEARs, bonds, and FCIs. Closest legacy direct peer in local securities trading and BCBA order execution.
• Balanz: Argentine broker-dealer and asset manager offering equities, fixed income, and FCIs to retail and institutional clients. Comparable regulated broker competing in the same Argentine retail segment.
• Portfolio Personal de Inversiones (PPI): Argentine retail-facing investment platform providing stocks, CEDEARs, FCIs, and dollar instruments. Direct competitor in the same regulated retail brokerage category.
• Bull Market Brokers: Argentine online broker specializing in equities, options, and fixed income for retail investors. Directly comparable in product mix and target customer.

Emerging players

• Mercado Pago: Mercado Libre's fintech arm with growing investment and dollar-savings features embedded in its payments app. Emerging competitor for retail investment flows given its massive Argentine user base.
• Binance Argentina: Global crypto exchange with a strong Argentine user base offering crypto trading and peso on/off-ramps. Overlaps with Cocos' crypto and Dollar MEP offerings for retail users.

Regional players

• Wise: Cross-border payments platform with Argentine availability. Comparable to Cocos' international payments and Pix Brasil products but focused on remittances rather than investment.
• XP Inc. Large Latin American retail investment platform with operations across Brazil and selective regional reach. Comparable vertically integrated retail brokerage + asset management model targeting similar personas.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/cocoscap
• Facebookfacebook.com/cocoscapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cocos Capital