Cobre
Cobre is a Latin American fintech providing API-first payment infrastructure for Colombia and Mexico enterprises, offering stablecoin operations, cross-border transfers, local rails (Bre-B, SPEI), and multi-bank treasury aggregation. It serves 250+ enterprise clients including CEMEX, Cabify, and Telefónica Movistar.
- Company typePrivate
- Founded2019
- HeadquartersCuauhtémoc, Mexico
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Cobre does
Cobre is a Latin American fintech company founded in 2019 that provides API-first enterprise payment infrastructure focused on Colombia and Mexico. Operating through the legal entities Pexto Colombia S.A.S. and Pexto México, S.A. de C.V., the company targets licensed fintechs, payment service providers (PSPs), banks, and high-volume enterprises that require payment processing, cross-border transfers, and treasury automation. Headquartered in Bogotá with a regional office in Mexico City, Cobre reports 51-100 employees and a customer base of more than 250 enterprise clients, including CEMEX, Cabify, Telefónica Movistar, Yango, Skandia Fiduciaria, KLYM, Jeeves, and Morado. The company reports processing billions of dollars monthly and has become Colombia's largest corporate payments player by Bre-B transaction volume, with 400,000+ transactions processed to date.
The product portfolio is built around four core capabilities. First, stablecoin on-ramp and off-ramp operations supporting USDC, USDT, and RLUSD across six blockchain networks (Ethereum, Solana, Polygon, Base, Tron, and XRPL) using proprietary infrastructure and liquidity. Second, cross-border payments in COP, MXN, USD, EUR, CNY, and HKD with a proprietary Rate Lock FX hedging tool and 40% cost reduction claims versus traditional banking channels. Third, local payments infrastructure connecting directly to Colombia's Bre-B instant payment rail from Banco de la República, Mexico's SPEI, plus ACH and FastPay, enabling 24/7 settlement. Fourth, Cobre Connect, a multi-bank aggregation layer covering Bancolombia, Banco de Occidente, Banco de Bogotá, and BBVA. The platform is accessed via a web portal (portal.cobre.co) or documented API endpoints (docs.cobre.com), with an AI-powered security layer providing predictive compliance and real-time transaction monitoring.
Cobre's revenue model is primarily transaction-based, with take-rate fees tied directly to payment volume across local rails, cross-border corridors, and stablecoin on/off-ramp operations, supplemented by recurring platform access and API integration fees. Pricing is quote-based and not publicly disclosed, and the go-to-market combines direct enterprise field sales with API self-serve onboarding. Multi-year contracts are standard for enterprise clients. Compliance posture is enterprise-grade: ISO 27001:2022, SOC 2 Type II, and PCI DSS v4.0.1 certifications, regulatory oversight from Colombia's Superintendencia Financiera with Fogafín deposit insurance, CNBV compliance in Mexico, and SAGRILAFT implementation. The company is privately held with no disclosed venture funding rounds, institutional investors, or acquisition activity in the source materials.
Cobre firmographics
Firmographics- Name
- Cobre
- Legal name
- Pexto Colombia S.A.S. (Colombia) / Pexto México, S.A. de C.V. (Mexico)
- Website
- https://cobre.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Cobre is a Latin American fintech providing API-first payment infrastructure for Colombia and Mexico enterprises, offering stablecoin operations, cross-border transfers, local rails (Bre-B, SPEI), and multi-bank treasury aggregation. It serves 250+ enterprise clients including CEMEX, Cabify, and Telefónica Movistar.
- Ownership category
- akta.pro rank
Cobre industry classification
Industry- Product category
- Payment Infrastructure
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- Cross-Border Payment Routing, Orchestration & Connectivity (FSAMAIAK), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Cobre is headquartered
LocationHeadquarters
- HQ city
- Cuauhtémoc
- HQ country
- Mexico
- HQ region
- Latin America
Offices2 records
Markets served
Cobre business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Transaction-based Payment Processing: Cobre charges transaction fees for payment processing across local rails (SPEI, Bre-B, ACH, FastPay), cross-border transfers, and stablecoin on/off-ramp operations. The company processes billions of dollars monthly, with the revenue tied directly to transaction volume rather than flat subscription fees.
- Platform Access & API Integration: Revenue derived from企业提供 access to the Cobre platform via web portal or API integration for treasury management, payment automation, and reconciliation capabilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Enterprise payment processing platform - quote-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Cobre product offering
Product offeringCore offering
Cobre operates an API-first enterprise payment infrastructure platform for Latin America, processing local payments (SPEI, Bre-B, ACH, FastPay), cross-border transfers, and stablecoin on/off-ramp operations across Colombia and Mexico. The platform serves licensed fintechs, payment service providers, banks, and high-volume enterprises with multi-bank account aggregation, automated reconciliation, and 24/7 payment availability. Cobre processes billions of dollars monthly and serves 250+ enterprise customers including Cabify, CEMEX, and Telefónica Movistar.
Product overview
Cobre is an enterprise payment infrastructure platform built for Latin America, offering a modular and API-first architecture. The core portfolio consists of Stablecoins (on/off-ramp and B2B payments across multiple blockchain networks), Cross Border Payments (international transfers with multi-currency support and FX rate locking), and Local Payments (instant domestic payments via SPEI, Bre-B, Fast Pay, and ACH in Colombia and Mexico). Add-on modules include Cobre Connect (multi-bank account aggregation), Bre-B para Empresas (24/7 instant payments), Transfer-In (per-payer accounts with auto-reconciliation), Payouts (mass payments), Payment Links, Checkout, and Bre-B Payins/Payouts. All products are accessible via the Cobre web portal or API integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Stablecoins
- Cross Border Payments
- Local Payments
Quantifiable outcome
- 40% cost reduction on cross-border payments vs traditional banking
- +6 more outcomes
Companies that use Cobre
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Cobre technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability3 records
Feature5 records
Cobre partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Borderless.xyzcoreIntegration of Cobre onto Borderless.xyz's global stablecoin orchestration and liquidity network, enabling stablecoin on/off-ramp capabilities across Mexico and Colombia. Supports USDC, USDT, and RLUSD across Ethereum, Solana, Polygon, Base, Tron, and XRPL networks, allowing enterprises to convert between local fiat and stablecoins in real-time without FX windows or prefunding. Cobre processes billions monthly, expanding Borderless.xyz's liquidity depth across Latin America.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Cobre competitors and assessment
Company assessmentRegional players
- Clip: Clip is a Mexican payment processor offering card-present and digital payments to SMBs and enterprises. Operates across similar Mexican payment rails (SPEI, card networks) as Cobre, though primarily in merchant acquiring rather than B2B treasury.
- Konfío: Konfío is a Mexican digital lender and SMB payments platform. Overlaps with Cobre on Mexican enterprise payment orchestration, with primary focus on lending rather than B2B payment infrastructure.
Broad incumbents
- Adyen: Adyen is a global enterprise payment processor supporting local acquiring, payouts, and cross-border flows across LATAM. Comparable to Cobre on enterprise-grade multi-rail orchestration and treasury APIs.
- Stripe: Stripe is the global API-first payments infrastructure leader with growing LATAM presence and recent stablecoin integrations. Comparable to Cobre in API-first architecture and enterprise developer experience, though its geographic coverage is far broader.
- Mercado Pago: Mercado Pago is the dominant LATAM digital payments processor owned by Mercado Libre, with deep penetration across Brazil, Mexico, Argentina, and Colombia. Overlaps with Cobre on LATAM local payment rails and merchant payouts, though broader consumer-focused.
Direct peers
- Pomelo: Pomelo is a LATAM fintech-as-a-service platform providing card issuing, account management, and payment processing infrastructure across the region. Directly comparable to Cobre as a regulated fintech infrastructure provider serving licensed fintechs and enterprises across LATAM.
- dLocal: dLocal is a LATAM-focused cross-border payment processor that enables global merchants to accept and pay in emerging markets via local rails. Directly comparable to Cobre in cross-border orchestration across countries like Mexico, Colombia, Argentina, and Brazil.
- Thunes: Thunes is a cross-border payments network enabling global payouts and collections in emerging markets across LATAM, Africa, and Asia. Comparable to Cobre on enterprise B2B cross-border payments and local rail orchestration.
- Bitso: Bitso is a Mexico-anchored crypto exchange and B2B payments platform specializing in stablecoin on/off-ramps and cross-border USD↔MXN transfers. Comparable to Cobre on stablecoin infrastructure serving LATAM enterprises.
Emerging players
- Stellar Development Foundation (Stellar / MoneyGram): Stellar-backed corridors (e.g., MoneyGram on Stellar) enable US↔LATAM stablecoin remittance and payouts. Emerging competitor and partner in the cross-border stablecoin corridor use case that aligns with Cobre's stablecoin and cross-border products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Cobre social profiles
Digital presenceCobre compliance and trust
Trust signalCompliance3 records
Cobre financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cobre leadership team
Management profileNumber of profiles
Cobre funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cobre 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 Cobre
What does Cobre do?
Cobre operates an API-first enterprise payment infrastructure platform for Latin America, processing local payments (SPEI, Bre-B, ACH, FastPay), cross-border transfers, and stablecoin on/off-ramp operations across Colombia and Mexico. The platform serves licensed fintechs, payment service providers, banks, and high-volume enterprises with multi-bank account aggregation, automated reconciliation, and 24/7 payment availability. Cobre processes billions of dollars monthly and serves 250+ enterprise customers including Cabify, CEMEX, and Telefónica Movistar.
Is Cobre a public or private company?
Cobre is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cobre founded?
Cobre was founded in 2019. It employs 51 to 100 people.
Where is Cobre based?
Cobre is headquartered in Cuauhtémoc, Mexico, in the Latin America region.
How does Cobre make money?
Two revenue lines are on record. Transaction-based Payment Processing is the primary driver. The others are platform Access & API Integration.
Who are Cobre's main competitors?
Regional players on record are Clip and Konfío. Broad incumbents are Adyen, Stripe and Mercado Pago. Direct peers are Pomelo, dLocal, Thunes and Bitso. Stellar Development Foundation (Stellar / MoneyGram) is listed as an emerging player.
Does Cobre have an API?
Yes. Cobre offers APIs that allow enterprises to integrate payment, collection, and account query functionalities directly into their own systems (ERP, accounting software, proprietary applications). The API supports local payments, cross-border payments, stablecoin operations, and multi-bank account management. Documentation is available at docs.cobre.com. Developer documentation is at docs.cobre.com.
What industry is Cobre in?
Cobre's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAMAIAK, Cross-Border Payment Routing, Orchestration & Connectivity.