Kobold
Kobold is a Brazilian B2B credit platform that enables large companies to extend credit to their supplier and partner ecosystems through proprietary risk modeling and regulated FIDCs fund management under BC and CVM oversight.
- Company typePrivate
- Founded1998
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Kobold does
Kobold is a privately held Brazilian B2B credit platform headquartered in São Paulo that operates as a regulated fund manager under Brazilian Central Bank (BC) and CVM oversight. The company's core product, the Kobold Digital Credit Platform, applies a proprietary credit model that analyzes transaction flows and behavioral patterns of companies to assess creditworthiness within business ecosystems; Kobold claims a cumulative loss rate below 0.03% across more than R$25 billion in transacted corporate credit over 25+ years of operation. Its go-to-market centers on large anchor companies, partnering with them to deploy credit to their supplier and partner networks, effectively positioning those companies as 'banks' for their ecosystems. The most prominent example is a 2020 strategic partnership with SAP to offer credit services to SAP's business ecosystem.
The business model is anchored on managed FIDCs (Fundos de Investimento em Direitos Creditórios) and similar credit structures. Kobold raises capital from anchor partners and institutional investors and channels it into ecosystem-based credit operations. A R$5 billion fund was raised in May 2020 specifically to support credit operations for SMEs inside large-company networks. The investor side is served through Konekt, a self-service web portal that gives fund investors access to account information and statements. Pricing is not publicly disclosed; given the enterprise focus and structured-fund nature of the offerings, transactions are negotiated quote-by-quote rather than standardized.
Operationally Kobold is lean for the scale it transacts at, listed at 11-50 employees, and its stack emphasizes digital integration with anchor clients' systems rather than a consumer-grade product surface. The company maintains an extensive published compliance and policy library covering AML, cybersecurity, information security, internal controls, and continuity, and aligns its privacy policy with Brazil's LGPD (Law 13,709/2019). Customer segments are organized vertically around large company ecosystems and the SMEs within them, with the stated value proposition of cheaper funding for suppliers, more efficient working capital for anchors, and embedded credit risk mitigation through the proprietary model.
Kobold firmographics
Firmographics- Name
- Kobold
- Legal name
- Kobold Ltda.
- Website
- https://kobold.com.br
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Kobold is a Brazilian B2B credit platform that enables large companies to extend credit to their supplier and partner ecosystems through proprietary risk modeling and regulated FIDCs fund management under BC and CVM oversight.
- Ownership category
- akta.pro rank
Kobold industry classification
Industry- Product category
- B2B Credit Platform
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153), Finance Services (6199)
- akta.pro primary industry
- Trade Finance & Supply Chain Finance Platforms (FSAGAJAL)
- akta.pro secondary industries
- Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE), SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning) (FSAGAJAM), Lending & Credit Disbursements (FSAMAKAH)
Keywords
Where Kobold is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Kobold business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Fund Management / Credit Operations: Kobold manages investment funds (FIDCs - Fundos de Investimento em Direitos Creditórios) that provide credit to corporate ecosystems. The company raises capital from anchor partners and institutional investors to deploy credit solutions to suppliers and partners within large company ecosystems.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Kobold product offering
Product offeringCore offering
Kobold operates a B2B digital credit platform that analyzes transactions and company behavior patterns to assess creditworthiness within large business ecosystems. The company manages investment funds (FIDCs - Fundos de Investimento em Direitos Creditórios) to raise capital from anchor partners and institutional investors, then deploys that credit to suppliers, partners, and SMEs within the networks of large corporate clients such as SAP. The platform includes a proprietary intelligent credit risk model, integrated digital processes, and full regulatory compliance with Brazil's Central Bank (BC) and Securities Commission (CVM).
Product overview
Kobold is a Brazilian digital credit and investment fund management company operating for over 25 years. Its core offering is the Kobold Digital Credit Platform, which provides intelligent B2B credit infrastructure to large corporate ecosystems. The platform is supported by Konekt, an investor-facing portal for fund investors. Kobold's model analyzes transaction data and company behavior to provide credit risk assessment and fund management services, positioning itself as infrastructure that transforms large companies into credit providers for their supply chains and partner networks.
Differentiator
Problem solved
Functional benefit
Products and services
- Kobold Digital Credit Platform An intelligent B2B credit platform that analyzes transaction flows and company behavior to strengthen economic relations within large business ecosystems, enabling efficient credit distribution to suppliers and partners with minimal risk. Targeted at large enterprises and their SME suppliers/partners.
- Konekt (Investor Portal) An investor-facing web portal at konekt.kobold.com.br for Kobold fund investors to access account information, statements, and fund management features related to the company's managed FIDCs.
- Capital Markets Credit Infrastructure Capital markets infrastructure that enables efficient and fair distribution of credit to business ecosystems surrounding large companies, positioning those companies as financial support systems channeling credit to SMEs within their networks.
Quantifiable outcome
- Loss rate below 0.03% on corporate credit transactions
- +1 more outcomes
Companies that use Kobold
Customer profileSegments2 records
Ideal customer profiles3 records
Kobold technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
Kobold partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- SAPcoreKobold partnered with SAP to offer credit services to SAP's business ecosystem, providing intelligent credit solutions to companies within the SAP network. This partnership enables credit access for suppliers and partners integrated with SAP's business systems.
- Estímulo 2020 MovementminorMulti-stakeholder initiative including businessmen, executives, and NGOs led by Good Karma Ventures to provide special credit conditions to small and medium enterprises.
Scale indicators5 records
Recent moves5 records
Expansion highlights6 records
Kobold competitors and assessment
Company assessmentDirect peers
- a55: Brazilian B2B credit and financial services platform targeting SMEs within corporate ecosystems, using data-driven underwriting — directly comparable to Kobold's core model of supplying credit to suppliers inside large-company networks.
- Konfío: Mexico-based data-driven lending platform providing working capital and credit to SMEs, with ecosystem and behavioral underwriting — analogous to Kobold's transaction-based risk model and SME-focused credit origination.
- Cora: Brazilian B2B digital bank/fintech serving SMEs with accounts, payments, and credit — overlaps with Kobold on SME credit origination within business ecosystems in the same Brazilian market.
Broad incumbents
- Creditas: Brazilian consumer and SME secured-lending platform with much broader product breadth (home, auto, payroll-deductible loans). Comparable on Brazilian credit underwriting scale and fund-management infrastructure, though operating with a wider portfolio than Kobold's ecosystem focus.
- Nubank: Largest Brazilian digital bank with consumer and SME credit products, including ecosystem-style offerings. A broad incumbent whose data-driven underwriting and Brazilian scale make it a relevant (though much larger) comparator to Kobold's credit platform.
- Banco Inter: Brazilian digital bank offering SME accounts, credit, and embedded finance — relevant incumbent comparator for Kobold's B2B ecosystem credit, particularly as Inter expands B2B platform partnerships.
Emerging players
- Tribal Credit: Emerging-markets B2B credit platform serving SMEs in Latin America via corporate ecosystems and partnerships — highly comparable to Kobold's anchor-partner-driven SME credit model, though with a multi-country footprint.
- Stori: Mexican fintech issuing credit cards and lending products to underserved consumers and SMEs using alternative data underwriting — comparable in Latin-American alternative-data credit approach, though primarily card- rather than ecosystem-anchored.
- Clip: Mexico-based payments and SMB financial services platform progressively adding credit/working-capital products. Comparable as a regional SMB fintech expanding from payments into embedded credit within merchant ecosystems.
Others
- Bnext (by Aplázame/Wenance): Latin American fintech group (including Aplázame/Wenance) providing consumer and SMB credit and BNPL infrastructure — adjacent peer illustrating competing ecosystem-credit infrastructure patterns across LatAm.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Kobold social profiles
Digital presenceKobold compliance and trust
Trust signalCompliance1 record
Kobold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kobold leadership team
Management profileNumber of profiles
Profiles1 record
Kobold funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kobold 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 Kobold
What does Kobold do?
Kobold operates a B2B digital credit platform that analyzes transactions and company behavior patterns to assess creditworthiness within large business ecosystems. The company manages investment funds (FIDCs - Fundos de Investimento em Direitos Creditórios) to raise capital from anchor partners and institutional investors, then deploys that credit to suppliers, partners, and SMEs within the networks of large corporate clients such as SAP. The platform includes a proprietary intelligent credit risk model, integrated digital processes, and full regulatory compliance with Brazil's Central Bank (BC) and Securities Commission (CVM).
Is Kobold a public or private company?
Kobold is a private company. It is classified as unknown and is currently operating.
When was Kobold founded?
Kobold was founded in 1998. It employs 11 to 50 people.
Where is Kobold based?
Kobold is headquartered in São Paulo, Brazil, in the Latin America region.
How does Kobold make money?
One revenue line is on record: fund Management / Credit Operations.
Who are Kobold's main competitors?
Direct peers on record are a55, Konfío and Cora. Broad incumbents are Creditas, Nubank and Banco Inter. Emerging players are Tribal Credit, Stori and Clip. Bnext (by Aplázame/Wenance) is listed as an others.
Does Kobold have an API?
No public API is recorded for Kobold.
What industry is Kobold in?
Kobold's product category is B2B Credit Platform. Its primary akta.pro industry code is FSAGAJAL, Trade Finance & Supply Chain Finance Platforms, with a secondary code of FSAKAGAE, Supply Chain Finance (Trade Credit, PO/Inventory Financing). Its NAICS code is 522 and its SIC code is 6159.