Test the Waters
Coco Pago

Coco Pago

Crypto-Venmo For Remittances

As migrants, we understand the impact remittances have in the lives of the people who rely on them to survive and the recipient countries in general. We founded Coco Pago to help unleash the economic potential of Latin America, by implementing sophisticated technological systems that create smart ways to administrate and distribute resources.

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Security Type
SAFE
Industry
Tech
Min Investment
$100
Location
San Francisco, CA
Offering Date
September 17, 2021
Expected Close Date
December 16, 2021

Management

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.

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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Key Deal Facts

Trusted by 50k remitters from +100 countries; over 60k recipients in Venezuela
16M in Revenue to date since launch = 1,100% annual growth from 2019 to 2020
Annual Gross Profit = $1M in 2020
Customer lifetime value = $50 and customer acquisition cost = $10 Payback = 1 month
Digital cross‑border remittances will grow from $295 billion in 2021 to $428 billion in 2025

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