Cocos raised US$34 million in a Kaszek-led round and reached a US$508 million valuation

FinanceInternationalLa NaciónNov 12, 2026, 1:42 PMAI summary

The fintech Cocos, founded by Nicolás Mindlin and Ariel Sbdar, raised US$34 million in its first external funding round after five years of growth financed with its own resources. The deal was led by Kaszek, with participation from Spice Expeditions, and took the company's valuation to US$508 million. Cocos aims to expand its financial product offering with a focus on artificial intelligence and to move forward with its entry into Brazil through the acquisition of the platform Warren, pending approval from Brazil's central bank.

In 40 seconds

Cocos raised US$34 million in its first external round, led by Kaszek with participation from Spice Expeditions.
The deal values the company at US$508 million.
The capital will go toward expanding financial products with a focus on artificial intelligence and consolidating Cocos Bank in Argentina.

Read the full story at La Nación

IASummary generated by artificial intelligence from a story by La Nación. It may contain errors: the original source prevails.

fintech
ronda de inversión
Kaszek
Argentina
Brasil

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

SoftBank falls nearly 59% from highs as its Arm exposure cuts into its net asset value
SoftBank shares have fallen nearly 59% from their June highs, when they traded at ¥9,074, to ¥3,738 at the November 12 close, amid a correction in artificial intelligence-linked companies. The Japanese conglomerate depends heavily on its stakes in companies such as Arm and OpenAI, and uses the value of some of them to obtain financing. Its net asset value (NAV) went from ¥72.3 trillion in June to an estimated ¥44.7 trillion using November 9 prices.
FinanceInternationalXTB.com3:24 PMAI
Dollar breaks above 3,300 pesos in Colombia
The dollar rose above 3,300 pesos at the close of the latest trading session in Colombia, according to the outlet. The rise in the U.S. currency alerted analysts, who are tracking international and local factors such as commodity prices and expectations about global interest rates. The move affects importers of goods, technology inputs and fuels, as well as external debt projections, while Banco de la República assesses the impact on macroeconomic stability.
FinanceColombiaDiario del Sur3:10 PMAI
Dollar in Colombia opened at 3,284.12 pesos, below the 3,297.07 TRM
The U.S. dollar opened this Thursday, November 12, in Colombia at 3,284.12 pesos, below the Representative Market Rate set by the Financial Superintendency at 3,297.07, a difference of 12.95 pesos. After the first 19 transactions, the average price reached 3,290.41, still below the TRM. The TRM is the official reference for various financial and commercial operations, while buy and sell prices vary across banks and exchange houses.
FinanceColombiaDiario del Sur3:02 PMAI
Iran reports "enemy" attack on Sirik, near the Strait of Hormuz
Iranian official sources reported that Sirik, in the southern province of Hormozgan, was hit by an "enemy" attack, according to state news agency IRNA. The offensive comes at a complex moment between Tehran and Washington, which have said in statements they aim to end their war and green-light an expected opening of the Strait of Hormuz, strategic for world trade, especially oil. The state outlet did not immediately provide details on damage or casualties.
FinanceInternationalFrance 242:57 PMAI

Cocos raised US$34 million in a Kaszek-led round and reached a US$508 million valuation

In 40 seconds

Comments

Keep reading

SoftBank falls nearly 59% from highs as its Arm exposure cuts into its net asset value

Dollar breaks above 3,300 pesos in Colombia

Dollar in Colombia opened at 3,284.12 pesos, below the 3,297.07 TRM

Iran reports "enemy" attack on Sirik, near the Strait of Hormuz