# Coba Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coba-technologies

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.coba.ai/
- Total disclosed funding: $2.2M
- Latest round: Seed (Jan 30, 2024)
- Investors on record: 8

## About

Founded in 2022 and based in Texas, US, Coba Technologies, Inc. operates as a financial service company that provides banking solutions. Joseph Saliba (CEO) and Abraham Kuri Vargas (CTO) are the co-founders of the company. In January 2024, Coba Technologies, Inc. raised USD 2.2 million in seed funding co-led by Alaya VC Capital and Switch VC, including Banco BASE, Todos los derechos reservados TOPAZ Transforma, K Street Capital, Goodwater Capital, Acacia Venture Capital, and Y Combinator.

The company provides a digital platform that allows non-US residents to open US accounts from their home countries. The firm’s platform enables users to deposit or receive payments in USD directly into their Coba US accounts, eliminating currency conversions and international transaction fees. Coba enables borderless spending, empowering users to manage and spend their funds in USD or pesos without limitations, wait times, or fees. The company offers a wide range of global features tailored to the needs of today's digital workers, whether it's sending and receiving money between the US and Latin America or accessing a digital debit card for international transactions. The firm offers additional solutions such as cross-border tax advice, early payroll access, and private health insurance to support remote workers.

The organization plans to use the January 2024 funding to simplify cross-border financial services in LatAm.

## Funding rounds

- Seed, Jan 30, 2024, $2.2M — Y Combinator, Alaya Capital, Switch VC, Goodwater Capital, K Street Capital, Acacia Venture Capital Partners, Banco BASE, Topaz

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Alaya Capital (https://capitalatlas.ai/funds/alaya-capital) — Seed
- Switch VC (https://capitalatlas.ai/funds/switch-vc) — Seed
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- K Street Capital (https://capitalatlas.ai/funds/k-street-capital) — Seed
- Acacia Venture Capital Partners (https://capitalatlas.ai/funds/acacia-venture-capital-partners) — Seed
- Banco BASE — Seed
- Topaz (https://capitalatlas.ai/funds/topaz) — Seed