Mexico City, July 22nd, 2021.- Latinia, the software vendor specialized in real-time decision and communication products for the banking industry, and Koibanx, provider of integral solutions and Blockchain products for the financial sector, have achieved an agreement whereby the Spanish vendor becomes a new Koibanx shareholder, a deal “that goes beyond an investment to explore new avenues of collaboration with and for the clients of both companies”, said Oriol Ros, Latinia’s corporate director.
With this agreement, a new journey begins in the use of Koibank’s Blockchain technology applied to Latinia’s real-time event analysis engines, allowing the birth of new business initiatives for the financial sector.
For his part, Leo Elduayen, co-founder of Koibanx, valued the deal for “the extreme fit between both companies, the invaluable experience of Latinia, which have managed to be successful in growing a company of the style that we like. We see in Latinia much more than access to financing. We see industry validation; we see the possibility of improving the platform and the possibility of being guided by talented and human people who have already managed to create a company with a raw model that is very applicable to Koibanx”.
Three years ago, Latinia launched an investment arm to capture top knowledge from best of breed fintech initiatives in the industry. The digital transformation in which the financial industry is immersed carves out an interesting room for experienced vendors like Latinia, that can play a double role, both to help startups to kickoff by funding them, and to inject that knowledge upstream to financial institutions, Latinia’s clients. In addition to being a Startupbootcamp Partner, Latinia has made investments in the last three years in Belvo, Flink, Dapp, Prestanómico, UALET, Prometeo, Facturedo, Atomian, Coinscrap and Ábaco.