# GoPato

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gopato

- Industry: Consumer Services
- Headquarters: Cartago, Costa Rica
- Website: www.gopato.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Jan 13, 2017)
- Investors on record: 1

## About

GoPato Inc. is a financial services company that focuses on enabling customers to convert credit card limits into cash, offering discreet solutions for urgent financial needs.GoPato Inc., founded in 2015 in Cartago, Costa Rica, specializes in providing cash conversion services by enabling clients to turn their credit card limits into cash. The company raised USD 0.55 mn in Seed funding led by Carao Ventures on January 13, 2017, as part of its growth strategy. There is no information available regarding any subsidiaries or pivots in business strategy.GoPato Inc. specializes in credit card cash conversion services, allowing clients to convert their credit card shopping limits into cash. This typically involves purchasing items, such as gift cards, which are then sold to generate cash. The service primarily aims to address urgent financial needs, enabling users to obtain liquidity without resorting to traditional borrowing methods. The customer base consists mainly of individuals facing immediate cash flow challenges who prefer discretion in their financial transactions. Services are available both in-store and online, targeting urban areas where online transaction capabilities are prevalent.GoPato Inc. generates revenue through transaction fees charged for converting credit card limits into cash. Clients initiate transactions to purchase designated products online, facilitating cash payouts. The pricing structure is aligned with the transaction value; higher amounts can result in greater cash received, but at a reduced rate due to service fees. This model operates on a B2C basis, directly supporting individual clients to meet their financial needs.GoPato Inc. plans to leverage its recent Seed funding of USD 0.55 mn to enhance its service offerings, with a focus on developing new products designed to streamline cash conversion processes. The company is also targeting expansion into new geographic markets with specific plans to enter select urban areas in the United States by late 2024. The funding will support these initiatives and help facilitate the launch of new digital platforms to improve user accessibility.

## Funding rounds

- Seed, Jan 13, 2017, $0.6M — Carao Ventures

## Investors

- Carao Ventures (https://capitalatlas.ai/funds/carao-ventures) — Seed