BKR

What BKR does

BKR Argentina S.A. is an Argentine fintech that issues prepaid Mastercard cards in partnership with Buenbit (Fiat Flow Solutions Ltd.), a cryptocurrency platform, enabling users to spend their crypto balances at any Mastercard-accepting merchant worldwide. The company offers both physical and virtual prepaid Mastercard variants, with automatic crypto-to-fiat conversion at the point of sale, and has expanded into crypto-collateralized lending through Créditos Colaterizados con Criptomonedas.

Underlying technology combines the Mastercard global acceptance network, Pomelo as the FX and payments processing layer, and integration with Buenbit's crypto custody and trading infrastructure. BKR is registered with Argentina's Unidad de Información Financiera (UIF) for AML compliance and with the Dirección Nacional de Protección de Datos Personales, establishing regulatory standing as a card issuer in the Argentine market.

The business model is transaction-based: BKR earns a 6% foreign exchange margin applied when converting crypto balances to fiat for card spending, plus card issuance and maintenance fees, and ATM withdrawal fees. Customer acquisition is digital-first and entirely routed through the Buenbit platform and app, making the company effectively a vertically integrated card-issuing unit for Buenbit's existing user base of Argentine crypto holders seeking everyday spending utility from digital asset holdings.

Name

BKR

Legal name

BKR Argentina S.A.

Website

https://bkr.com.ar

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

BKR Argentina S.A. is an Argentine fintech that issues prepaid Mastercard cards in partnership with Buenbit, enabling crypto users to spend digital asset balances at any Mastercard-accepting merchant through physical and virtual cards plus crypto-collateralized loans.

Ownership category

akta.pro rank

Product category

Prepaid Card Services

NAICS

Credit Card Issuing (522210), Credit Card Issuing (52221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199), Personal Credit Institutions (6141)

akta.pro primary industry

Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC)

akta.pro secondary industries

Crypto Borrowing & Margin Credit Facilities (FSADAFAC), On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Virtual Prepaid & Single-Use / Tokenized Cards (FSAMANAJ)

Keywords

• Prepaid card services
• Cryptocurrency payments
• Crypto-to-fiat conversion
• Digital banking Argentina
• Mastercard prepaid issuance

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Card Issuance and Maintenance Fees: Fees for issuance, shipping, and reprint of physical prepaid cards, as well as maintenance fees, processed by BKR and published on the Buenbit platform.
2. Foreign Exchange Margin: BKR charges a 6% markup on the official exchange rate provided by Pomelo Fintech Services S.A.S. for foreign currency transactions, applied at the time of transaction registration.
3. ATM Withdrawal Fees: Fees charged for cash withdrawals through ATMs using the physical prepaid card, including additional charges from third-party ATM providers.
4. Transaction Processing Fees: Tariffs, charges, and commissions applied to prepaid card transactions, processed by BKR and detailed on the Buenbit platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

BKR Argentina S.A. issues prepaid Mastercard cards (both physical and virtual) in partnership with the Buenbit cryptocurrency platform, allowing users to spend their crypto holdings at any Mastercard merchant worldwide through automatic crypto-to-fiat conversion at the point of sale. The company also administers cryptocurrency-collateralized credit lines through the Buenbit platform, enabling users to borrow against their digital asset holdings.

Product overview

BKR Argentina S.A. is a fintech company that operates as a prepaid card issuer, offering two primary products: the Tarjeta Prepaga BKR – Buenbit Mastercard (available in both physical and virtual form) and the Créditos Colaterizados con Criptomonedas. The card products are issued in partnership with Buenbit's cryptocurrency platform and operate on the MasterCard network. When users make transactions with the prepaid cards, the system automatically converts their cryptocurrency holdings to Argentine pesos in real-time to cover purchases. Users access and manage both the prepaid cards and cryptocurrency-backed credits exclusively through the Buenbit platform (app and website).

Differentiator

Problem solved

Functional benefit

Products and services

• Tarjeta Prepaga BKR – Buenbit Mastercard (Physical) A physical, reloadable prepaid Mastercard issued by BKR Argentina S.A. in partnership with Buenbit. Allows users to make in-person and online purchases globally at Mastercard-accepting merchants and to withdraw cash from ATMs, with automatic real-time conversion of the user's cryptocurrency holdings to Argentine pesos at the point of sale.
• Tarjeta Prepaga BKR – Buenbit Mastercard (Virtual) A virtual, reloadable prepaid Mastercard generated automatically when a user requests a card through the Buenbit platform. Enables online purchases globally with the same automatic cryptocurrency-to-fiat conversion as the physical card.
• Créditos Colaterizados con Criptomonedas Collateralized cryptocurrency loans offered through the Buenbit platform, administered by BKR Argentina S.A., allowing users to borrow funds secured by their cryptocurrency holdings.

Quantifiable outcome

• Transactions can be disputed within 30 days of visualization, with resolution processing within 7 days of claim receipt

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Buenbit (Fiat Flow Solutions Ltd.)coreStrategic or Co-development PartnerBKR partnered with Buenbit (Fiat Flow Solutions Ltd.) to offer prepaid Mastercard cards to users of the Buenbit digital platform. BKR acts as the registered card issuer, while Buenbit provides the digital platform and manages the crypto-to-fiat conversion system. The partnership enables users to spend their cryptocurrency holdings at any Mastercard merchant worldwide. BKR is registered as a money services business with the UIF (Unidad de Información Financiera) for anti-money laundering compliance.
• MastercardcoreTechnology or IntegrationBKR prepaid cards operate on the Mastercard payment network, enabling international acceptance at all Mastercard-adherent merchants and ATMs worldwide.

Recent moves5 records

Expansion highlights3 records

Direct peers

• Lemon Cash: Argentine crypto fintech offering a prepaid Visa card with crypto-to-fiat conversion and yields on stablecoin balances. Most direct competitor to BKR in the Argentine crypto-card niche.
• Ripio: Major Argentine and LatAm crypto exchange offering a prepaid card and crypto services. Directly comparable as a regional crypto-card issuer with overlapping customer base and product mix.
• Binance Card: Global crypto exchange-issued card enabling crypto-to-fiat spending at Mastercard merchants. BKR competes for the same crypto-spending use case, though Binance operates at vastly larger scale.
• Bybit Card: Global crypto exchange offering a Mastercard prepaid card with crypto-to-fiat conversion. Direct product analog to BKR, competing for crypto-native spenders, though with global distribution.
• Wirex: Crypto-friendly multi-currency card with crypto-to-fiat conversion and rewards. Directly comparable to BKR's core product, with broader geographic availability.

Regional players

• Bitso: Leading LatAm crypto exchange with cards and transfer products across Argentina, Brazil, and Mexico. Comparable in regional crypto-card ambition and customer overlap, though not single-market focused.

Broad incumbents

• Mercado Pago: Dominant Argentine digital wallet and prepaid card issuer. Competes with BKR for everyday prepaid-card spending, though without the crypto-native angle. Massive scale incumbent.
• Crypto.com Card: One of the largest global crypto-card programs with Visa/Mastercard issuance and rich crypto rewards. Represents the scaled incumbent BKR benchmarks against in product design.

Emerging players

• Nexo Card: Crypto lending platform with a card product enabling credit against crypto collateral. Comparable to BKR on both the card and crypto-collateralized credit angle.

Others

• Buenbit: Partner platform and crypto exchange providing BKR's distribution channel and crypto-to-fiat conversion engine. Closely intertwined operationally, and the most relevant ecosystem player for BKR's go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/bkr_digital
• Facebookfacebook.com/bkrdigital
• LinkedInlinkedin.com/company/bkrdigital

Compliance2 records

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&A

Investments

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

Frequently asked questions about BKR