“Can a Brazilian BNPL + antifraud platform become the default e-commerce checkout layer across LatAm by embedding installment Pix and boleto as a native alternative to credit cards?”
Koin started in 2014 as a post-pay online purchase solution in Brazil, letting shoppers receive goods before paying. It evolved into a broader payments and antifraud platform, now positioning itself as an embedded BNPL (Pix Parcelado, Boleto Parcelado), card gateway, and AI-driven antifraud stack for Brazilian and LatAm e-commerce. Operates as a licensed payment institution (não-financeira) and acts as a banking correspondent of BMP Money Plus SCD and Aymoré CFI to originate installment credit.
Koin discloses BMP Money Plus Sociedade de Crédito Direto S.A., Aymoré Crédito, Financiamento e Investimento S.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Koin does not disclose a bank charter of its own; its banking services are provided through BMP Money Plus Sociedade de Crédito Direto S.A., Aymoré Crédito, Financiamento e Investimento S.A..
Koin processes payments through Koin Payments (self-operated). Disclosed money-movement rails: Pix.
Koin's lending and capital products are provided by BMP Money Plus SCD (sponsor) and Aymoré CFI (sponsor).
The Embedded Finance Index 2026 maps 4 layers in Koin's stack: Payments / PSP (Koin Payments (self-operated)); Money movement (Pix); Lending (BMP Money Plus SCD (sponsor), Aymoré CFI (sponsor), Pix Parcelado (installment Pix BNPL), Boleto Parcelado (installment boleto BNPL) and 1 other); Sponsor bank (BMP Money Plus Sociedade de Crédito Direto S.A., Aymoré Crédito, Financiamento e Investimento S.A.).
Koin is founded in 2014 and headquartered in São Paulo, Brazil.
Koin has raised $12.2M in total (latest round: Debt, $7.36M).
Get a read on where your own stack stands against Koin 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.