Cobre

Cobre

Cobre is a platform that connects your banks and accounts, providing 360-degree finance management, centralizing operations, consolidating data, and offering personalized reports.

HQ location
Bogotá, Colombia
Website
Launch date
Enterprise value
$140—210m
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$35.0m

Series B
Total Funding000k
Notes (0)
More about Cobre
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Cobre.co is a financial technology startup that offers a comprehensive financial management platform. The company's primary service is to connect clients' bank accounts, providing a 360-degree view of their finances. This allows businesses to centralize their operations, consolidate their financial data, and generate customized reports. The platform also enables reliable cash flow forecasting, which is crucial for effective financial planning.

Cobre.co's clients are businesses of all sizes that need to streamline their financial operations. The company operates in the financial technology market, which has seen significant growth in recent years due to the increasing demand for digital financial services.

The business model of Cobre.co is based on providing a platform that simplifies and accelerates payment processes. The platform allows businesses to initiate operations from any account and any destination bank with a single payment file. It also provides a single response file, which simplifies the reconciliation process by providing a single source of truth. This feature reduces the reconciliation time by 50%, according to the company.

Cobre.co makes money by charging its clients for the use of its platform. The pricing details are not publicly available, but it's common for companies in this sector to charge a subscription fee or a fee per transaction.

In summary, Cobre.co is a financial technology company that provides a platform for businesses to manage their finances more efficiently. It simplifies the payment process, reduces the time spent on reconciliation, and provides valuable insights into a company's cash flow.

Keywords: Financial Technology, Payment Processing, Financial Management, Cash Flow Forecasting, Bank Account Reconciliation, Centralized Operations, Financial Data Consolidation, Customized Reports, Business Efficiency, Digital Financial Services.

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