About Cobre
Cobre is a company based in Bogota (Colombia) founded in 2019 by Alberto Chejne, Joseph V Gideon, Philip Gideon, and Jose Donato. It operates as a API-as-a-Product, and FinTech. Cobre has raised $48 million across 2 funding rounds from investors including Oak HC/FT, Kaszek and QED Investors. Cobre offers products and services including Local Payments, Cross Border Payments, Connect, and Bre-B for Businesses. Cobre operates in a competitive market with competitors including Flutterwave, PayU, Nuvei, ACI Worldwide and Kushki, among others.
- Headquarter Bogota, Colombia
- Founders Alberto Chejne, Joseph V Gideon, Philip Gideon, Jose Donato
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48 M (USD)
in 2 rounds
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Latest Funding Round
$35 M (USD), Series B
Jul 10, 2024
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Investors
Oak HC/FT
& 4 more
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Employee Count
Employee Count
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Products & Services of Cobre
Cobre offers a comprehensive portfolio of products and services, including Local Payments, Cross Border Payments, Connect, and Bre-B for Businesses. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Local payments are executed and automated in real-time.
Global payments are sent and received in real-time.
Bank accounts are centralized for visibility and management.
Payments and collections are processed instantly for businesses.
Funding Insights of Cobre
Cobre has successfully raised a total of $48M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $35.0M
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First Round
First Round
(05 Oct 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - Cobre | Valuation | Oak HC/FT | |
| Oct, 2023 | Amount | Series B - Cobre | Valuation | Kaszek |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cobre
Cobre has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Oak HC/FT, Kaszek and QED Investors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors by Kaszek.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cobre
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cobre
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cobre Comparisons
Competitors of Cobre
Cobre operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, PayU, Nuvei, ACI Worldwide and Kushki, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing solutions are delivered to merchants and businesses.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| domain | founded_year | HQ Location |
Provider of online payment solutions for businesses
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| domain | founded_year | HQ Location |
Global e-commerce payment processing and security services are managed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Cobre
When was Cobre founded?
Cobre was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Cobre located?
Cobre is headquartered in Bogota, Colombia. It is registered at Bogota, Bogota, Colombia.
Who is the current CEO of Cobre?
Joseph V Gideon is the current CEO of Cobre. They have also founded this company.
Is Cobre a funded company?
Cobre is a funded company, having raised a total of $48M across 2 funding rounds to date. The company's 1st funding round was a Series B of $13M, raised on Oct 05, 2023.
What does Cobre do?
Financial operations are streamlined for businesses by Cobre through innovative technology. Real-time local and cross-border payment solutions are offered, alongside tools for centralizing bank accounts and automating transactions. The company serves sectors like fintech, banking, and high-volume transactional enterprises. Operations are supported in Latin America with coverage for multiple currencies. Security and compliance are ensured with certifications like ISO 27001 and PCI DSS. API integration is provided for seamless embedding into existing systems. Operational efficiency is enhanced through automation and real-time processing.
Who are the top competitors of Cobre?
Cobre's top competitors include PayU, Flutterwave and Nuvei.
What products or services does Cobre offer?
Cobre offers Local Payments, Cross Border Payments, Connect, and Bre-B for Businesses.
Who are Cobre's investors?
Cobre has 5 investors. Key investors include Oak HC/FT, Kaszek, QED Investors, Canary, and Atlantico.