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Dual Currency Accounts For LatAm
Coba makes it easy for Mexican knowledge workers employed by US companies to earn in US Dollars and seamlessly spend locally in Pesos. On average, a knowledge worker will lose $1,000 per year in hidden ForEx and transfer fees. In that process, their money will touch at least 3 different accounts adding time and steps along the way. These workers’ require more than simple money movement, they demand a financial solution that addresses their specific needs: banking, saving, spending - all in two currencies. Coba allows its users to not only deposit and save their earnings in a US account, but also access critical financial services at home in Mexico - from a local credit card to integrated bill pay. With Coba, remote workers can live across two currencies... efficiently and effortlessly.
Coba provides a financial infrastructure platform for the Americas, enabling instant cross-border payments, multi-currency banking, and embedded rails for platforms and fintechs in US–Mexico and broader LATAM operations. It consolidates regulated banking and stablecoin rails into a unified workflow to move money, hire across borders, and manage compliance.
Coba offers an operating layer that connects to regulated banking and stablecoin partners, orchestrating FX routing, payouts, approvals, and reporting in one place. It provides Quick Pay for carrier payouts (USD↔MXN), multi-currency treasury, auditable compliance artifacts, KYB and built-in logs, and an embedded rails API for platforms and fintechs. The platform enables cross-border payroll, invoices-to-payout workflows, live dashboards, and audit-ready records with 24/7 carrier settlements and 24/7 USD→MXN conversions, powered by regulated partners and a unified API across banking and stablecoin infrastructure.
Who it’s for: Companies operating cross-border logistics, freight, brokers, and LATAM-focused teams needing fast, compliant USD–MXN payments, payroll, and embedded finance rails.
Hiring/traction/funding mentions: none explicit; references to real-time settlements, embedded rails, and enterprise-scale onboarding imply traction and ongoing development.
CTO & Co-founder at Coba. B.S. in Computer Science & Technology who has been developing software since 18 years old. I've been working in web development for 10+ years. Ruby on Rails expert. I'm the author of APIs on Rails(http://apionrails.icalialabs.com/book). 3D Printing enthusiast
I am an entrepreneur with 10+ years of experience building companies around the software and technology fields in the Americas. Developer by training. Dad, Husband, Regio.
Co-founder of Coba. Former CFO of Icalia Labs. Finance Degree from Tec de Monterrey, Masters Degree from Copenhagen Business School.
Earn in US Dollars and spend in Pesos. Live across two currencies.
Coba provides a single app that lets international knowledge workers in Mexico deposit USD paychecks, save in USD, and spend in Mexican pesos, including sending pesos to local banks and receiving a pesos-based local card. The launch highlights two-currency accounts, low-cost FX, and a priority waitlist for early adopters.
From the original launch (Jul 2023) — may be outdated.
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