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Cobre Secures $13M To Help Cfos In Colombia Automate Corporate Payments

Oct 05, 2023about 2 years ago

Amount Raised

$13 Million

BogotáFintechSaasFinancial ServicesSoftware

Description

If you don’t know your company’s financial status, it is difficult to make decisions for the betterment of the company. This is where Cobre comes in.

Company Information

Company

Cobre

Location

Bogotá, Capital District, Colombia

About

Cobre is a corporate treasury and payments platform designed to elevate the way Latin American companies manage their finances. The company builds CFO-tech on top of its own payment rails to provide real-time capabilities for both domestic and cross-border payments, empowering every peso that its clients move. Committed to eliminating operating friction between companies, their banking partners, their employees, and their money, Cobre ensures that money movement becomes a growth driver rather than a time-consuming task. In this pursuit, Cobre has grown to become a trusted provider for corporates and tech giants in the region, building a profitable business that has grown 10x in the past 12 months.

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Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech