VANK

What VANK does

VANK (operating as VANK Technologies LLC, Delaware; with Colombian subsidiary THIS IS VANK S.A.S.) is a multi-currency financial infrastructure platform built for companies and individuals moving money between Latin America and global markets. Its core product is a single multi-currency operative ledger that holds balances in COP, USD, EUR and stablecoins (USDC, USDT), consolidates local LATAM rails (SPEI in Mexico, PIX in Brazil, PSE and Bre-B in Colombia), international rails (SWIFT, ACH, Fedwire, SEPA) and stablecoin settlement networks (Ethereum, Solana, Polygon, Tron, Stellar) into one view. Around this ledger, VANK offers global collections, global payments, transparent FX conversion with pre-trade spread disclosure, payment links (card and PSE), USDC/USDT and tokenized gold (XAUT) holdings, and an API-first integration layer aimed at fintechs and PSPs that want to embed cross-border rails.

The business is purely transaction-based: revenue is generated from FX spreads on currency conversion, transfer commissions on international payments, payment link processing fees, and digital asset conversion fees — there is no platform subscription and no minimum balance requirement. The company is founder-led by Mardiros Daghinián (CEO) with CTO Oscar Ramírez and a small engineering team in Bogotá, and reports operations across Bogotá (LATAM headquarters), New York and Singapore. Custody is delivered through regulated US banking partners rather than a proprietary bank license, with the Colombian S.A.S. entity handling peso flows. Distribution is hybrid: self-serve digital onboarding for SMBs and individuals via app.vank.co, direct enterprise sales for larger accounts, API/embedded distribution for fintech partners, and content-driven demand generation through the Vank Journal, an owned newsletter, and earned media in LATAM and US fintech press.

Name

VANK

Legal name

VANK Technologies LLC

Website

https://thisisvank.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

VANK is a multi-currency financial infrastructure platform that lets Latin American businesses and individuals hold balances, collect locally and pay globally across COP, USD, EUR and stablecoins via a single operative ledger spanning LATAM rails, SWIFT and stablecoin networks.

Ownership category

akta.pro rank

Product category

Cross-Border Payments Infrastructure

NAICS

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

SIC

Finance Services (6199)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Cross-border payments
• Multi-currency accounts
• Stablecoin settlement
• LATAM payment infrastructure
• Foreign exchange services

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. FX spread on currency conversion: Revenue generated from the spread between mid-market FX rate and rate offered to customers on currency conversions. Transparent spread shown before transaction confirmation.
2. International transfer fees: Commission fees charged on international payments sent via SWIFT, Wire, ACH, SEPA or stablecoin rails. Fee displayed before confirming each operation.
3. Payment link processing: Fees on card and PSE collections processed through payment links (Visa, Mastercard, Amex, PSE) in USD and COP.
4. Digital asset conversions: Conversion fees when moving between stablecoins (USDC/USDT), crypto (BTC/ETH), tokenized gold (XAUT), and fiat currencies.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

VANK operates a multi-currency financial infrastructure platform that consolidates local LATAM payment rails (SPEI, PIX, PSE, Bre-B), international payment rails (SWIFT, ACH, Wire, SEPA), and native stablecoin settlement (USDC/USDT) into a single real-time operative ledger. The platform offers multi-currency accounts, global collections and payments, transparent FX conversion, payment links, and API/webhook integration for businesses and individuals operating across borders between Latin America and global markets.

Product overview

VANK is a multi-currency financial platform for global trade, operating as a platform-plus-modules architecture. The core offering centers on the multi-currency account, which serves as the central ledger for holding balances in COP, USD, EUR, and stablecoins (USDC/USDT). Around this core, the platform provides distinct product modules: global collection (Cobro global) for receiving international payments via ACH, Wire, SWIFT, SEPA, PSE, and Bre-B; global payment (Pago global) for outbound international transfers; the FX conversion module (Mover) for currency exchange with transparent pricing; the payment link (Link de cobro) for card-based collections; Bre-B Colombia for instant COP payments; ACH and Wire rails for USD transactions; and a digital assets module encompassing stablecoins, crypto (BTC/ETH), and tokenized gold (XAUT). Infrastructure products include an API and Stellar Anchor for developer integration. An AI-powered financial assistant (VAI) is on the roadmap. The platform is designed as API-first, with compliance and treasury management as foundational capabilities throughout.

Differentiator

Problem solved

Functional benefit

Products and services

• Cuenta multimoneda (Multi-currency account)
• Cobro global (Global collection)
• Pago global (Global payment)
• Mover (FX)
• Bre-B Colombia
• Link de cobro (Payment link)
• Stablecoins (USDC/USDT)
• Cripto (BTC and ETH)
• Oro tokenizado (Tokenized gold, XAUT)
• ACH y Wire (EE.UU.)

Quantifiable outcome

• Consolidates average 4 banking relationships into 1 single operative account
• +4 more outcomes

Segments10 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability2 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• StellarcoreTechnology or IntegrationStellar blockchain network partnership providing infrastructure for stablecoin settlement and cross-border payment operations. VANK leverages Stellar as one of the blockchain networks for USDC/USDT transactions, enabling faster and lower-cost settlement for LATAM cross-border flows.
• PygmacoreTechnology or IntegrationTechnology partnership providing additional infrastructure capabilities for the VANK platform, referenced as part of the company's technology stack and partner ecosystem.
• BitgetsupportingTechnology or IntegrationCryptocurrency exchange and infrastructure partner supporting digital asset operations and liquidity for VANK's stablecoin and crypto settlement services.
• Colombia FintechsupportingStrategic or Co-development PartnerAssociation membership positioning VANK within the Colombian fintech ecosystem, providing regulatory dialogue, industry standards participation, and fintech community integration in Colombia.
• THIS IS VANK S.A.S.coreImplementation/ SI/ Consulting PartnerColombian legal entity (NIT 901.919.607-4) handling local peso (COP) collection and disbursement operations in Colombia. Intervenes exclusively in COP peso flows and does not provide services on virtual assets. Critical local operational partner enabling Bre-B and PSE integrations for Colombian customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Pleo: Pleo provides multi-currency corporate cards and spend management primarily across Europe. Comparable business model (multi-currency accounts, FX, expense control) but with no LATAM presence, making it a regional rather than direct competitor.

Direct peers

• Wise (formerly TransferWise): Wise offers multi-currency accounts with local receiving details in 40+ currencies, transparent FX, and international transfers to 160+ countries. Directly comparable to VANK's account, FX, and SWIFT-based payout proposition, though Wise lacks native stablecoin rails.
• Ripio: Ripio is a LATAM crypto/fintech platform offering wallets, FX, and cross-border payments primarily across Argentina, Brazil, and Mexico. Comparable to VANK's stablecoin + multi-currency LATAM corridor focus.
• Airwallex: Airwallex offers multi-currency business accounts with local collection rails (US ACH, SEPA, etc.), international payments, FX, and API integrations. Highly comparable to VANK's core account, FX, and API-first model, with stronger geographic coverage but weaker LATAM local rail penetration.
• Bitso: Bitso is the largest LATAM crypto exchange, offering multi-currency wallets, FX, and cross-border transfers using USDC/USDT rails across Mexico, Argentina, and Brazil. Comparable to VANK's combination of stablecoin settlement and multi-currency accounts for LATAM businesses.
• dLocal: dLocal is a LATAM-focused cross-border payments processor enabling global merchants to collect, pay, and settle across emerging markets including Colombia, Mexico, and Brazil. Directly comparable to VANK's Cobro global and Pago global products and shared customer base of cross-border merchants.
• Payoneer: Payoneer provides cross-border payments, multi-currency receiving accounts, and mass payouts for SMBs and freelancers globally. Comparable to VANK's freelancer and SMB use cases for receiving international payments and paying contractors.

Broad incumbents

• Circle: Circle is the issuer of USDC and operates enterprise-grade stablecoin APIs and cross-border payment infrastructure. Comparable as a stablecoin-native settlement layer to VANK's USDC/USDT rails, but operates at a broader institutional scale without LATAM local rail depth.
• Brex: Brex provides multi-currency corporate cards, accounts, and treasury for global businesses. Comparable as a broader spend-management and treasury platform, though focused on US-incorporated tech and startup segments rather than LATAM trade.

Emerging players

• BitPay: BitPay provides crypto payment processing and stablecoin settlements for merchants. Partially comparable to VANK's stablecoin settlement and digital-asset module, though without LATAM local rail coverage.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thisisvank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 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 VANK