Koin
“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?”
Founded2014
HQSão Paulo, Brazil
Total raised$12.2M
Latest roundDebt, $7.36M
IndustryFintech / BNPL
The story
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.
Last 12 months
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Product timeline
0
Acquired / merged (per PitchBook — Operating Subsidiary status).· acquisition
2014
Koin founded in São Paulo as a post-pay / BNPL solution for Brazilian e-commerce.· banking
Regulated entities
1
regulatory licence held by Koin
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Koin’s embedded-finance stack
Payments / PSP
Koin Payments (self-operated)
Money movement
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: none
7 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.