Coba Blog · May 2025
Coba launched CLABE-enabled Mexican peso accounts for US businesses, enabling local payments and 24/7 currency conversion.
Company research
Public company, workplace, funding, and market signals
Overview
Coba is a YC S23 cross-border fintech building a financial operating layer for US-Mexico commerce. Its products include dual/multi-currency accounts, B2B payments, Quick Pay for freight/logistics, and embedded rails that route regulated banking and settlement partners. Public sources disagree on some company metadata, but current company/LinkedIn materials point to Austin and a 2022 founding.
Primary product
Cross-border financial infrastructure for businesses moving money between the U.S. and Latin America, including dual/multi-currency accounts, B2B payments, and embedded rails.
Founded
2022
Headquarters
Austin, Texas, United States
Team size
1-10
Work style
Flexible
Industry
Financial Services
Sub-industry
Cross-border fintech / B2B payments infrastructure
Offices
1606 Headway Cir STE 9049, Austin, TX 78754, United States
Monterrey, Nuevo León, Mexico
Business model
B2B fintech
Cross-border payments
Embedded finance
Multi-currency accounts
Workforce/payroll fintech
Funding
Stage
Seed
Total raised
$2.3M
Latest round
Seed · Jan 2024
Latest amount
$2.2M
People & investors
Leadership
Carlos Alberto Medellin Gonzalez
Co-Founder & CEO
Co-Founder & Head of Product
Co-Founder & CTO
Co-Founder & Advisor
Work & culture
Operators-first, compliance-as-a-feature, and lean/people-centered. The company emphasizes clarity, efficiency, user feedback, and building for cross-border operators in the US-Mexico corridor.
Work style
Flexible
Visa sponsorship
No
Compensation
Current YC job posts advertise $50K-$80K gross for marketing and $84K-$120K gross for engineering/design, plus stock compensation, 2 weeks paid vacation, Mexican holidays, and provided work tools.
Benefits
2 weeks paid vacation
Mexican holidays
Flexible vacation policy
Stock compensation
Work tools (laptop, software subscriptions)
Full-time employment
Product & market
Pricing
Opaque/quote-based; company pages say prospects must contact the team to discuss pricing and rate tables, with published FX spreads starting around 0.5%-1%.
Differentiators
- —Cross-border operating layer for the US-Mexico corridor
- —USD/MXN payouts in under 24 hours
- —0.5%-1% FX spreads
- —Multi-currency treasury and embedded rails
- —Compliance/KYB and audit-ready workflows
- —Coba does not hold customer deposits; regulated partners handle custody and settlement
Technology
React
Intercom
TypeScript
Node.js
Next.js
Ruby on Rails
API
sandbox
Customers
US companies operating in Mexico
Logistics and freight brokers
Cross-border teams
Remote workers and knowledge workers in LatAm
SMBs with US-Mexico money flows
Fintech/platform partners needing embedded rails
Competitors
Wise
Ramp
Payhawk
NG.CASH
Tribal Credit
Scale & contact
Estimated revenue
USD 1,000,000-5,000,000
Estimated monthly visits
6.2K
Traffic estimate as of Jul 2026
Latest news
Coba Blog · Apr 2025
Coba announced a strategic referring partnership with Monex USA to expand cross-border financial infrastructure for businesses operating in the US-Mexico corridor.
Monex USA · Apr 2025
Monex USA published a companion press release on the referring partnership with Coba for global B2B payments.
Coba Blog · Mar 2025
Coba announced a partnership with Wallbit to provide USD virtual cards, high-yield USD accounts, and faster USD-MXN transfers for users in Mexico.
Coba Blog · Jan 2024
Coba announced its $2.2M seed round after completing Y Combinator Summer 2023.
Jobs and careers at Coba
0 jobs at Coba
No open positions
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