Cofers

Cofers is a financial technology company headquartered in Mexico City that provides a cloud-based treasury management platform for businesses in Mexico. Founded in 2024 by Alex Casanova, who serves as CEO, and Eduardo Gulias Davis, the CTO, the company aims to address a digitally underserved sector of the Mexican market. The platform is designed to automate and simplify critical treasury tasks, offering a Software as a Service (SaaS) business model to its clients, which range from small and medium-sized enterprises to larger corporations.

The core of Cofers' service is the automation of treasury management through artificial intelligence. Key features include the synchronization of multiple bank accounts into a single dashboard, automatic categorization of transactions, and real-time cash flow tracking. A significant selling point for its Mexican market is the platform's ability to automatically reconcile bank transactions with CFDI (Comprobante Fiscal Digital por Internet), the electronic invoicing system mandated by the Mexican tax authority. This function helps businesses maintain clean, categorized, and reliable financial data, which supports faster and more informed financial decision-making by eliminating manual processes.

Cofers asserts that its platform can automate over 60% of critical treasury tasks and reduce the time spent on these activities by up to 75%. By providing clear visibility into a company's banking situation and cash flow, the service enables businesses to make quicker strategic decisions. In December 2024, less than a year after starting operations, Cofers successfully raised a $1 million seed funding round. This investment was led by Cracks Fund, with participation from other institutional investors including BStartup10 by Banco Sabadell, JME Venture Capital, and Draper B1. The capital is intended for further product development to better serve the Mexican market.

Keywords: treasury management, cash flow automation, bank reconciliation, CFDI reconciliation, financial software Mexico, SaaS, FinTech, corporate treasury, accounts synchronization, transaction categorization, cash flow visibility, SME financial tools, Alex Casanova, Eduardo Gulias Davis, B2B FinTech, automated accounting, financial management platform, enterprise finance, cash flow forecasting, treasury automation