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Coco Pago (YC S19)

Coco Pago is the Revolut for Latin America. A super app for money transfers and financial services

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Security Type
CAFES
Categories
Technology, Financial Services, Other, Crypto & Blockchain, Retail
Min Investment
$100
Location
San Francisco, , California
No. Investors
226
Website
cocopago.app

Key Deal Facts

Pitch Video Investor Panel Investor Panel Coco Pago is Revolut for Latin America, it helps migrants send money back home, a $120B market Launched in early 2022, now making $90k in monthly revenue, growing 20% MoM and currently profitable The founders are Venezuelan Migrants understand the pain of sending money to Latin America The founders have 9+ years of experience building financial products using blockchain technology Raised $1.5M from YCombinator and top investors. Now raising $500k to expand in Latin America. Migrant Money Transfers Market Size -Transfers to LatAm $120B -Transfers to Venezuela: $6B

Management Team / Advisory Board Bios

Kevin Charles CEO/CTOPreviously co-founded the first bitcoin exchange in Venezuela. Full stack software engineer. Economist. Futurist., Victor Charles CFOPreviously co-founded the first bitcoin exchange in Venezuela., Francisco Martin CMOFounded a licensed cryptocurrency exchange in Europe.

Amount Raised : $228,446
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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