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Overview
Koin is a Brazilian fintech that offers BNPL and other digital payment solutions for online shopping. It lets customers pay in up to 12 installments using Pix or boletos at the point of sale, without lengthy registrations. It also runs a PCI-certified payment gateway with fraud prevention to support merchants across Latin America. After being acquired by Despegar in 2020, it expanded into a broader digital wallet and merchant services to broaden financing options for travelers and tourism-related services.
About Koin
Industries
Data & Analytics
Fintech
Cybersecurity
Financial Services
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$6.5M
Headquarters
São Paulo, Brazil
Founded
2012
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Simplify's Take
What believers are saying
- Koin launched 'Destrava com a Koin' in October 2025 to capture Pix parcelado demand.
- Koin invested R$30 million in 2025 to expand antifraud in Brazil and Latin America.
- Koin's updated app and docs show 24x Pix parcelado, signaling product expansion.
What critics are saying
- Mercado Pago, Nubank, Inter, and PicPay compress Koin's standalone BNPL pricing by 2026.
- Prosus's 2025 Despegar acquisition can force Koin into tourism-first priorities, limiting independent growth.
- Brazilian consumer-credit enforcement can crush Koin's installment economics if delinquency spikes in 2026.
What makes Koin unique
- Koin combines Pix parcelado, boleto parcelado, gateway, and antifraud across eight countries.
- Its antifraud stack claims 500,000+ frauds avoided and 600 daily prevented incidents.
- Koin still serves Decolar, JetSMART, Nike, Frávega, iFood ecosystem merchants.
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Funding
Total Funding
$6.5M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Remote Work Options
Training Programs
Company News
Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.Fintechs dominated headlines in the second half of November, with activity in Colombia, Brazil, Chile, Ecuador, El Salvador, Guatemala, and Panama. Here are the launches, partnerships, expansions, fundings and other news we saw over the last two weeks.LaunchesGuatemalan digital wallet Pako Wallet launched a prepaid card in Guatemala. The card is available both digitally and physically, and customers do not have to have a bank account to request the card. Read more on LatamFintech Hub.Salvadoran fintech n1co launched the app n1co Business in El Salvador, Honduras, and Guatemala.The app provides payment solutions like QR code payments, payment links, and sales insights. Read more on LatamFintech Hub.Ecuadorian payments startup Paymóvil launched an API that allows the integration of Paymóvil’s payment solution into third-party softwares like CRMs and POS terminals
Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.Fintechs dominated headlines in the second half of November, with activity in Colombia, Brazil, Chile, Ecuador, El Salvador, Guatemala, and Panama. Here are the launches, partnerships, expansions, fundings and other news we saw over the last two weeks.LaunchesGuatemalan digital wallet Pako Wallet launched a prepaid card in Guatemala. The card is available both digitally and physically, and customers do not have to have a bank account to request the card. Read more on LatamFintech Hub.Salvadoran fintech n1co launched the app n1co Business in El Salvador, Honduras, and Guatemala.The app provides payment solutions like QR code payments, payment links, and sales insights. Read more on LatamFintech Hub.Ecuadorian payments startup Paymóvil launched an API that allows the integration of Paymóvil’s payment solution into third-party softwares like CRMs and POS terminals
Brazilian buy now, pay later (BNPL) Koin raised $7.3M through a FIDC fund structured by Itaú.Owned by Argentinian group Despegar, Koin will invest in expanding its Buy Now, Pay Later services, focusing on tourism sector loans.With Koin, end customers can split payments into up to 12 installments using PIX. Koin also offers anti-fraud protection systems for retailers and a marketplace.Founded in 2014, Koin totals over 400 daily transactions with an average ticket of $500. The fintech has over 1,000 retailer clients in 8 countries in Latin America.Read more on Latam Fintech Hub and Exame
Koin is Hiring for 5 Jobs on Simplify!
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About Koin
Industries
Data & Analytics
Fintech
Cybersecurity
Financial Services
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$6.5M
Headquarters
São Paulo, Brazil
Founded
2012
Koin is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today