“Can a capital-markets investech become the integrated financial operating system for Argentina's retail investors and SMEs by layering payments, crypto, and treasury services on top of its brokerage core?”
Founded in 2021 as a pure-play investech brokerage, Cocos Capital rapidly evolved from a capital markets access platform (stocks, CEDEARs, bonds, mutual funds) into a broader consumer financial ecosystem. By 2024 the group had launched Cocos Pay (a payment wallet backed by ÁgilPagos/SG Financial Technology) and Cocos Crypto (a CNV-registered virtual asset service provider), explicitly positioning itself as Argentina's first investech where users can pay daily expenses directly from invested funds. The company now operates four distinct legal entities covering brokerage, payments, digital services, and crypto, aiming to become the integrated financial OS for retail investors and SMEs in Argentina.
Cocos Capital discloses SG Financial Technology S.A. (ÁgilPagos) as its banking provider, according to the Embedded Finance Index 2026.
Cocos Capital does not disclose a bank charter of its own; its banking services are provided through SG Financial Technology S.A. (ÁgilPagos).
Cocos Capital processes payments through SG Financial Technology S.A. (ÁgilPagos).
The Embedded Finance Index 2026 maps 2 layers in Cocos Capital's stack: Payments / PSP (SG Financial Technology S.A. (ÁgilPagos)); Banking / BaaS (SG Financial Technology S.A. (ÁgilPagos)).
Cocos Capital was founded by Ariel Sbdar, Nicolás Mindlin and Martín Miliavsky and is founded in 2021, headquartered in Buenos Aires, Argentina.
Get a read on where your own stack stands against Cocos Capital and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.