# Koibanx

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

- Industry: Software
- Headquarters: Buenos Aires, Argentina
- Website: www.koibanx.com
- Total disclosed funding: $22M
- Latest round: Series A (Aug 19, 2022)
- Investors on record: 6

## About

Based in Argentina, Koibanx operates as a blockchain financial technology company, providing software solutions that bridge traditional banking systems with innovative blockchain integrations for seamless transaction processing.Koibanx was founded in 2014 in Buenos Aires, Argentina. The company specializes in blockchain technology solutions for financial institutions and fintech companies. Leo Elduayen serves as both the CEO and Founder. In August 2022, Koibanx raised USD 22.00 mn in Series A funding led by Algorand Foundation Ltd., with additional investments from Borderless Capital, G2 Momentum Capital, Innogen Capital Ventures, and Kalonia Venture Partners. This funding was aimed at expanding their payment solutions and blockchain technology offerings to financial firms in Central America.Koibanx offers a suite of transactional software solutions designed to integrate seamlessly with banking core systems, leveraging both blockchain technology and traditional finance connectors. The company's primary offerings include a transactional core that facilitates multi-currency payment processing for trading platforms and payment processors. Additionally, they enable cross-border settlements, allowing instant transfers from the United States to nine Latin American countries, and provide a comprehensive cryptocurrency infrastructure for financial institutions to incorporate digital assets and tokenization into their transactional channels.Koibanx generates revenue through its transactional software solutions, primarily partnering with financial institutions and fintech developers. Revenue streams include transaction fees and subscription models for access to platform features, as well as service agreements for integration support.Following the Series A funding in August 2022, Koibanx plans to utilize the USD 22.00 mn raised to expand its payment solutions and supply blockchain technology to financial firms in Central America. The company is focusing on new product developments designed to enhance their offerings in programmable assets and real-time payment solutions. These initiatives aim to strengthen their market position and expand into new geographical regions across Central America by the end of 2023.

## Funding rounds

- Series A, Aug 19, 2022, $22M — Algorand Foundation Ltd., Borderless Capital, Kalonia Venture Partners, Innogen Capital Ventures, G2 Momentum Capital
- Seed, Oct 8, 2020 — Innogen Capital Ventures
- Seed, Jul 19, 2014, $0M — NXTP Ventures

## Investors

- NXTP Ventures (https://capitalatlas.ai/funds/nxtp-ventures) — Seed
- Innogen Capital Ventures (https://capitalatlas.ai/funds/innogen-capital-ventures) — Seed, Series A
- Algorand Foundation Ltd. — Series A
- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Series A
- Kalonia Venture Partners (https://capitalatlas.ai/funds/kalonia-venture-partners) — Series A
- G2 Momentum Capital — Series A