Oak Ventures has announced a Series B investment in Cobre, a Bogotá-based fintech company specializing in treasury management and payment solutions for businesses in Colombia and Mexico.

Target Company Overview

Cobre, a fintech company headquartered in Bogotá, Colombia, specializes in treasury management and payment solutions for businesses. Recently, Cobre has expanded its operations into the Mexican market. Co-founders Jose and Felipe have displayed remarkable ambition and thoughtfulness since the inception of the company.

Jose and Felipe, both natively from Colombia, have demonstrated resilience and a clear vision throughout their journey. Our initial connection with Jose occurred in 2021 when he was developing an earlier iteration of Cobre. Over the years, we have been consistently impressed by their commitment to high standards and the innovative solutions they provide, which we believe will significantly impact the Latin American fintech landscape.

Industry Overview in Latin America

The fintech industry in Colombia and the wider Latin American region is on the verge of exponential growth. Cobre's powerful dashboard and API offerings allow businesses to streamline their financial processes by facilitating payment transfers, connecting co