# Cobre

Cobre is an other based in Colombia.

## Overview

- **Organization type:** other
- **Headquarters:** Colombia
- **Region:** Latin America
- **Address:** Colombia
- **Assets under management:** Undisclosed
- **Website:** cobre.co
- **LinkedIn:** https://www.linkedin.com/company/pextoco

## Regulatory record

- **Reports private funds:** No

## About

Cobre is a financial infrastructure company that provides payment solutions for businesses in Latin America. The company offers local payments, cross-border payments, and stablecoin payments, among other services. Cobre operates in Colombia and Mexico, and is regulated by the Superintendencia Financiera de Colombia and the Comisión Nacional Bancaria y de Valores in Mexico.

## Sectors

- FinTech
- Enterprise Software

## Questions

### How does Cobre connect to local payment rails in Colombia and Mexico?

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.

### What is Cobre's settlement speed for domestic and cross-border transfers?

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.

### What currencies and corridors does Cobre support for international payments?

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.

### Is Cobre a technology vendor or a regulated financial institution?

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.

### How does Cobre's bank aggregation product work?

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.

### Which certifications does Cobre hold, and what do they cover?

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.

## Related profiles

- [Wrapbook](https://altss.com/profile/wrapbook)
- [Papaya Global](https://altss.com/profile/papaya-global)

---

Last updated: 2026-07-10T21:53:06.000Z

Canonical page: https://altss.com/profile/cobre

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology