Koin
We give instant credit and installments payment options for your online purchase.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | BRL36.6m | Debt |
| Total Funding | 000k | ||
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Koin is a Brazilian financial technology company that offers digital payment and credit solutions for e-commerce. Founded in 2014 by Ricardo Laureano Siqueira, the company pioneered the "Buy Now, Pay Later" (BNPL) model in Brazil, allowing consumers to make online purchases and pay in installments without needing a credit card. This approach helps e-commerce businesses attract new customers who may not have access to traditional credit.
The company's core services include providing instant credit and installment payment options at the point of sale. Customers can choose to split payments into as many as 12 installments via Pix, Brazil's instant payment system, or through payment slips (boletos). This process doesn't require users to fill out lengthy registrations or provide financial information upfront, simplifying the checkout experience. Beyond consumer credit, Koin offers a suite of solutions for businesses, including a payment gateway with PCI certification and robust fraud prevention services, facilitating secure transactions across Latin America. The firm serves a diverse client base of over 1,000 retailers, ranging from small businesses to large enterprises, primarily in Latin America.
In August 2020, Koin was acquired by Despegar (Decolar Group), a major online travel company in Latin America, in a deal that saw Despegar take an 84% equity stake. This acquisition was aimed at enhancing the financing options available to Despegar's customers. Under the new ownership, Koin has expanded its product offerings, moving beyond its initial focus on installment payment slips to become a comprehensive digital wallet. The company has secured significant funding to support its growth, including a notable capital injection from the International Finance Corporation (IFC) and European funds like Speedinvest in 2018 and a $7.3 million FIDC fund structured by Itaú in 2024 to expand its services in the tourism sector.
Keywords: Buy Now Pay Later, BNPL, payment solutions, fintech, e-commerce finance, installment payments, Pix parcelado, digital credit, online payments, payment gateway, fraud prevention, Latin America, consumer finance, point-of-sale financing, alternative payments, Ricardo Laureano Siqueira, Despegar, Decolar Group, credit access, merchant services