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Invest in Coco Mercado (YC S19)

Remittences are inefficient. Send essentials to family instead.

Highlights

1
πŸ’› Trusted by 30k remitters from 91 countries; over 50k recipients in Venezuela
2
πŸ“ˆ GMV = $1.2M per month; $7.3M per year (1,096% YoY growth rate since 2019)
3
πŸ’΅ Net Revenue = $115k per month; $900k per year (1,022% YoY growth rate since 2019)
4
🀝 Customer lifetime value = $50 and customer acquisition cost = $10
5
πŸ‡»πŸ‡ͺ Remittences expected to reach $10M in Venezuela by 2025

Our Team

CEO
Previously co-founded the first bitcoin exchange in Venezuela. Full stack software engineer. Economist. Futurist.
We founded Coco to help unleash the economic potential of Latin America, by implementing sophisticated technological systems that create smart ways to administrate and distribute resources.
CFO
Previously co-founded the first bitcoin exchange in Venezuela.
Francisco Martin CMO
Founded a licensed cryptocurrency exchange in Europe.

Pitch

Overview