Cobre

Cobre Financias S.A. is supervised as a Compañía de Financiamento by the Superintendencia Financiera de Colombia. This classification requires it to adhere to banking-sector standards on risk management, anti-money laundering controls under SARLAFT, and consumer protection. Client deposits are insured by Fogafín up to COP 50 million per depositor, a protection typically absent from unlicensed payment aggregators.

In Colombia, Cobre connects directly to Bre-B — the Banco de la República’s instant payment system — as well as Fast Pay and ACH Colombia. For collections, it provides PSE and bank-specific buttons for Bancolombia and Nequi. In Mexico, the firm integrates with SPEI, the real-time gross settlement system operated by Banco de México, enabling cross-border and local transfers without requiring the client to establish a local Mexican entity.

Domestic transfers in Colombia through Fast Pay can settle in six minutes or less during business hours; Bre-B transfers are instant and operate 24/7 year-round. For cross-border payments, the firm advertises same-day settlement rather than the three-to-five business days typical of correspondent banking, and its automated settlement option can execute in minutes even outside market hours or on weekends.

Cobre's CrossBorder Payments product handles USD, COP, MXN, EUR, CNY/CNH, and HKD. The firm reports operating 24/7 without traditional forex market window restrictions, and it offers a Rate Lock feature that lets corporate treasurers fix an exchange rate for future transactions to insulate against intraday or multi-day currency volatility.

Cobre is both. Cobre Financias S.A. holds a Compañía de Financiamento license, making it the regulated entity that holds client funds, maintains capital adequacy requirements, and carries the Fogafín deposit insurance. Its technology stack — APIs, bank aggregation, transaction monitoring — is built on top of that regulated balance sheet, meaning a corporate client’s contractual and regulatory relationship is with the licensed entity rather than with an intermediary that sits between the client and a partner bank.

Cobre Connect aggregates a company’s existing accounts across multiple Colombian banks — including Bancolombia, Banco de Occidente, Banco de Bogotá, and BBVA — into a single dashboard or API endpoint. Users can view balances, initiate payments from any connected account, and download unified reports in standardized formats. The firm frames this as a treasury-centralization layer that avoids logging into separate bank portals and accelerates reconciliation without moving the underlying accounts.

Cobre holds ISO 27001 for information security management, PCI DSS for payment card data security, and SOC 2 for controls around security, availability, and confidentiality. The firm states it implements end-to-end encryption, multi-factor authentication, continuous transaction monitoring, and regular penetration testing, with production infrastructure running on geographically redundant data centers.