Name

COOCON

Legal name

COOCON

Website

https://coocon.net

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Crypto Payment Gateways & Checkout APIs (FSADAIAA), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Stablecoin payment infrastructure
• Cross-border payment API
• AI agent payments
• MCP data platform
• Fintech API services

Headquarters

HQ city

Yongdungpo

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. AI Agent Payment Services: Revenue from providing AI agent payment infrastructure and interoperability services, leveraging MCP protocol for standardized AI agent transactions
2. Data Business Services: MCP-based data business services enabling AI agent data interoperability, potentially through subscription or usage-based models for enterprise API access
3. Global Payment API Services: API-based payment services including stablecoin-based payment capabilities sold to fintech enterprises and developers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels2 records

Core offering

COOCON provides a Global Payment Service that delivers API-driven, stablecoin-based cross-border payment infrastructure for enterprise fintech customers, alongside an MCP-based data platform that enables AI agent data interoperability and payment capabilities. The company sells these offerings to fintech enterprises and AI agent developers, with a particular focus on Asian markets supported by its Singapore subsidiary and its Silver Membership in the Agentic AI Foundation (AAIF) under the Linux Foundation.

Product overview

COOCON is a South Korean business data platform company listed on KOSDAQ that offers a Global Payment Service with API technology for stablecoin-based payments. The company is expanding into AI agent payments and MCP-based data businesses through its membership in the Agentic AI Foundation, with a recent focus on establishing a Singapore subsidiary to strengthen its position in payment and data technologies across Asian markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Payment Service A payment service platform that enables stablecoin-based payment capabilities and API-driven fintech solutions for global and Asian markets, targeted at enterprise fintech customers and developers requiring cross-border payment infrastructure.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Agentic AI Foundation (AAIF)coreStrategic or Co-development Partner · 1 June 2025COOCON joined AAIF as a Silver Member on June 1, 2025. AAIF is an open-source foundation under the Linux Foundation developing open standards for AI agent interoperability. COOCON participates in working groups on AI agent payments and MCP-based data businesses, leveraging the collaboration for global expansion and position strengthening in payment and data technologies.
• AnthropicminorOthersMember company within the AAIF ecosystem (180+ members). Anthropic collaborates with COOCON through the shared foundation for developing AI agent interoperability standards.
• OpenAIminorOthersMember company within the AAIF ecosystem (180+ members). OpenAI collaborates with COOCON through the shared foundation for developing AI agent interoperability standards.
• GoogleminorOthersMember company within the AAIF ecosystem (180+ members). Google collaborates with COOCON through the shared foundation for developing AI agent interoperability standards.
• MicrosoftminorOthersMember company within the AAIF ecosystem (180+ members). Microsoft collaborates with COOCON through the shared foundation for developing AI agent interoperability standards.
• StripeminorOthersMember company within the AAIF ecosystem (180+ members). Stripe collaborates with COOCON through the shared foundation for AI agent payment standards development.
• CircleminorOthersMember company within the AAIF ecosystem. Circle focuses on stablecoin infrastructure and collaborates with COOCON on AI agent payment standards and stablecoin-based payment capabilities.
• TronminorOthersMember company within the AAIF ecosystem. Tron collaborates with COOCON on blockchain-based payment technologies and AI agent payment standards.
• Linux FoundationcoreStrategic or Co-development PartnerThe Linux Foundation hosts the Agentic AI Foundation (AAIF) where COOCON holds Silver Membership. The foundation provides the governance structure for developing open AI agent interoperability standards including MCP protocol.
• Singapore FinTech Festival PartnersminorGTM or Marketing PartnerCOOCON participated in Singapore FinTech Festival 2025 and formed new partnerships at the event to expand presence in Asian fintech markets. Specific partner names not disclosed.

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Alchemy Pay: Crypto payment gateway offering fiat-crypto on/off-ramps and merchant checkout APIs; closely comparable to COOCON's Global Payment Service for enterprise and Asian fintech customers.
• Circle: Issuer of USDC stablecoin and provider of stablecoin-based payment and treasury APIs; directly overlaps with COOCON's Global Payment Service and is a fellow AAIF member co-developing agent payment standards.
• Tron: Public blockchain widely used for stablecoin (USDT) transfers; co-member with COOCON in AAIF and a competing settlement layer for cross-border stablecoin payments.
• Ripple: Provides cross-border payment infrastructure via RippleNet and RLUSD stablecoin; directly competes for enterprise fintech cross-border and stablecoin settlement workloads in Asia.

Emerging players

• Triple-A: Singapore-headquartered crypto payment gateway licensed by MAS; competes head-to-head with COOCON for Asian fintech merchants wanting stablecoin-accepting payment infrastructure.

Broad incumbents

• Coinbase: Major crypto exchange and payments business (including Coinbase Commerce and stablecoin APIs); overlaps with COOCON on merchant crypto checkout and on-chain payment settlement.
• PayPal: Established digital payments incumbent with its own stablecoin (PYUSD) and cross-border capabilities; competes broadly for the same enterprise cross-border and embedded payment workloads.
• Wise: Cross-border B2B and consumer payments specialist; competes with COOCON's Global Payment Service for enterprise customers modernizing international payouts.
• Adyen: Enterprise payment platform with global acquiring, orchestration, and API-first architecture; competes for the same enterprise fintech API-integration workloads that COOCON targets.
• Stripe: Global payments platform with stablecoin and embedded finance offerings; competes across payment gateway, cross-border, and developer API surface areas where COOCON is active, while being orders of magnitude larger.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments2 records

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

Frequently asked questions about COOCON