# Coba

> Coba is a cross-border financial infrastructure company built for businesses moving money between the United States and Mexico. It started in 2023 as a dual-currency consumer account for Latin American remote workers earning in dollars, and has since pivoted to B2B: multi-currency accounts, CLABE-enabled Mexican peso accounts for US companies, sub-24-hour carrier settlements, and embedded FX rails routed through banking partners, SPEI, ACH, SWIFT, wires, and stablecoins. Its sharpest focus is the US-Mexico freight and logistics corridor, where brokers and carriers have long been underserved by slow, opaque cross-border banking.

- **Founded:** 2022
- **Headquarters:** Austin, Texas, United States (with roots in Monterrey, Mexico)
- **Founders:** Joseph Saliba (Co-founder & CEO), Abraham Kuri Vargas (Co-founder & CTO), Carlos Alberto Medellin Gonzalez (Co-founder (finance; former CFO of Icalia Labs)), Eduardo Lopez De Leon (Co-founder & Head of Product)
- **Team size:** ~11 employees
- **Products:** Multi-Currency Accounts, CLABE-Enabled MXN Accounts, Quick Pay, Embedded Payments API, Payroll & Workforce Payments
- **Notable:** Named by TechCrunch as one of its favorite companies from Y Combinator's Summer 2023 Demo Day., Raised a $2.2M seed round in early 2024 to expand cross-border financial services in LatAm., Launched CLABE-enabled MXN accounts letting US businesses operate in Mexico without a local entity.

## Products & services

- **Multi-Currency Accounts** — Business accounts to hold, receive, and move funds in USD, MXN, EUR, CAD, CNH and 30+ currencies with bank-grade infrastructure and AI-supported FX tools.
- **CLABE-Enabled MXN Accounts** — Lets US companies receive local Mexican peso payments via a CLABE, convert 24/7, and operate in Mexico without travel or local shareholders.
- **Quick Pay** — Converts an invoice into a USD/MXN cross-border payout in hours with transparent fees and sub-24-hour carrier settlements.
- **Embedded Payments API** — Multi-rail access to banking partners, SPEI, ACH, SWIFT, wires, and stablecoins through a single integration.
- **Payroll & Workforce Payments** — Pay and manage LatAm teams across currencies, evolved from Coba's original remote-worker roots.
- **Dual-Currency Account (original product)** — Consumer account letting LatAm remote workers deposit USD paychecks, save in dollars, and spend in pesos via a local card. This was the company's launch product.

## Achievements

- Named by TechCrunch as one of its favorite companies from Y Combinator's Summer 2023 Demo Day.
- Raised a $2.2M seed round in early 2024 to expand cross-border financial services in LatAm.
- Launched CLABE-enabled MXN accounts letting US businesses operate in Mexico without a local entity.
- Signed a strategic partnership with Monex USA in April 2025.
- Expanded from a single dual-currency consumer account to multi-currency accounts spanning 30+ currencies.

## Latest updates

- **2025-06** — Launched CLABE-enabled Mexican peso accounts for US businesses - receive local payments and convert currency 24/7 without travel or local shareholders.
- **2025-04** — Announced a strategic referring partnership with Monex USA for institutional-grade FX and global payouts.
- **2025** — Rolled out multi-currency accounts across USD, MXN, EUR, CAD, CNH and 30+ currencies, and sharpened focus on the US-Mexico freight and logistics corridor.
- **2024-02** — Closed a $2.2M seed round led by Alaya Capital and Switch VC.

## Links

- Website: https://coba.ai
- LinkedIn: https://www.linkedin.com/company/cobaremote
- Twitter/X: https://twitter.com/cobaremote

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Profile page: https://yespress.io/coba-yc-s23
Published by YesPress — https://yespress.io
Last updated: 2026-07-31