Cobra Online S.A.P.I. de C.V.

Cobra Online S. A. P. I.

de C. V. operates as Sr. Pago, providing a specialized payment processing solution that enhances transaction capabilities for small and medium-sized businesses in Mexico and Latin America.

Founded in 2010, Cobra Online S. A. P. I.

de C. V. is based in Mexico City, Mexico, and focuses on payment processing services. The company has executed a total of 3 deals, with the most recent one occurring on August 25, 2021, during which Konfio, a portfolio company of Ignia Partners, acquired Cobra Online S.

A. P. I. de C.

V. for an undisclosed amount. Pablo Vargas serves as both the Founder and CEO, contributing his expertise from previous entrepreneurial ventures in the fintech landscape. Sr.

Pago offers a comprehensive payment processing solution aimed at facilitating credit and debit card transactions for businesses. Their core offerings include transaction processing for all major credit and debit cards, with a transaction fee structure of 3. 5% plus VAT. The service is designed to enhance cash flow by providing immediate liquidity, with financing options available for up to 50 days without interest, entailing no monthly rental fees or minimum billing requirements.

Targeted primarily at small to medium-sized enterprises, Sr. Pago aims to increase revenue for its clients by as much as 30% through improved payment acceptance capabilities. The company operates in various geographic markets, including Mexico and potentially other Latin American regions, serving a diverse clientele ranging from retail businesses to service providers. Revenue generation for Sr.

Pago predominantly arises through transaction fees charged to businesses utilizing their payment processing services. In a typical transaction scenario, a retailer employing Sr. Pago's services would accept customer payments through credit or debit cards, incurring a fee of 3. 5% plus VAT for each transaction processed.

This fee structure positions Sr. Pago as a B2B service provider, catering to businesses that require efficient payment solutions. The company's diverse client base includes various sectors, allowing for a robust revenue stream based on the volume of transactions processed. Additionally, financing options and other financial products, such as business credit lines and corporate cards, further contribute to the company's revenue model.

The acquisition of Cobra Online S. A. P. I.

de C. V. by Konfio in August 2021 aims to complement their fintech initiatives in the payment methods segment, focusing on strengthening financial solutions for SMEs, a critical sector for Mexico's economic development. Current plans include expanding into additional Latin American markets to broaden their customer base and enhance service offerings.

Recent funding will support these initiatives, allowing for product development and market entry strategies to foster growth.