Test the Waters
Coco Mercado (yc S19)

Coco Mercado (yc S19)

Remittences are inefficient - send essentials to family instead

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Security Type
SAFE
Min Investment
$100
Location
Dover, DE
Offering Date
April 16, 2021
Expected Close Date
July 15, 2021

Key Deal Facts

Trusted by 30k remitters from 91 countries; over 50k recipients in Venezuela
GMV = $1.2M per month; $7.3M per year (1,096% YoY growth rate since 2019)
Net Revenue = $115k per month; $900k per year (1,022% YoY growth rate since 2019)
Customer lifetime value = $50 and customer acquisition cost = $10
Remittences expected to reach $10M in Venezuela by 2025

Management Team / Advisory Board Bios

Kevin Charles, CEO
Previously co-founded the first bitcoin exchange in Venezuela. Full stack software engineer. Economist. Futurist.

Victor Charles, CFO
Previously co-founded the first bitcoin exchange in Venezuela.

Francisco Martin, CMO
Founded a licensed cryptocurrency exchange in Europe.
Amount Raised : $0
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Security Description

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