# Argentine fintech Cocos raises US$34 million at US$508 million valuation, led by Kaszek

- Published: 2026-11-13 09:12 UTC
- Section: Industry & People › Start-ups
- Tags: Cocos fintech, Kaszek investment, US$34 million round, US$508 million valuation, Argentine fintech, digital investment bank, Cocos Bank, Banco Voii acquisition, Warren Brazil, Spice Expeditions
- URL: https://realtech.media/news/rt-514b40a8b050c3a3fbd189c5_argentine_fintech_cocos/

**Cocos closed its first outside round led by Kaszek, the fund's first large bet on a company based mainly in Argentina. Funds go to banking products and Brazil.**

![Argentine fintech Cocos raises US$34 million at US$508 million valuation, led by Kaszek](https://realtech.media/media/2026/11/04937b07ef1c17bf.avif)
*bloomberglinea.com*

Argentine fintech Cocos has closed its first funding round, US$34 million at a valuation of US$508 million, according to bloomberglinea.com. [1] The round was led by Kaszek, with participation from Spice Expeditions. [1] Until now the company financed its growth with its own resources and reinvested profits. [1]

Cocos, founded by Nicolás Mindlin and Ariel Sbdar, began operating in 2021 with US$50,000. [1] The company reports more than 2.5 million users, almost 300 employees and a transaction volume of around US$200,000 million per year. [1] According to its own statement, the group has annualized revenue of US$150 million and "operates profitably". [1]

## Investor and use of funds

Kaszek was founded in 2011 by Hernán Kazah, a co-founder of MercadoLibre, and Nicolás Szekasy, who served as its chief financial officer. Since then it has raised more than US$3,000 million through nine funds and backed Nubank, Creditas and QuintoAndar. [1] Cocos is its first large bet on a company whose business is concentrated mainly in Argentina. [1]

Part of the US$34 million will go to developing new products and services. The funds are also meant to consolidate the digital investment bank in Argentina and to expand into Brazil. [1] Mindlin, president and co-founder of Cocos, said: "Five years ago we started with US$50,000 and a conviction: that from Argentina we could build a world-class digital investment bank." [1]

## Banking and Brazil

In 2026 Cocos completed the acquisition of Banco Voii, which lets it add banking services to its platform and develop Cocos Bank. [1] The strategy is to combine investments, accounts, savings, payments and financing in one app, for individuals and for companies. [1] Cocos currently manages more than US$2,000 million in assets and has more than 2,000 companies among its clients. [1]

In July 2026 Cocos agreed to acquire the assets of Warren, a Brazilian investment platform. [1] The deal is still subject to approval by the Central Bank of Brazil. [1] Brazil is the largest financial market in Latin America. [1]

## Sources

1. [bloomberglinea.com](https://www.bloomberglinea.com/latinoamerica/argentina/de-us50000-a-valer-us508-millones-la-fintech-cocos-atrajo-al-fondo-que-aposto-por-nubank)
2. [ecosistemastartup.com](https://ecosistemastartup.com/cocos-levanta-us34m-y-vale-us508m-con-kaszek)

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Source: RealTech, realtech.media — https://realtech.media/news/rt-514b40a8b050c3a3fbd189c5_argentine_fintech_cocos/