April 2, 2025 – Washington, DC & Austin, TX. Today, we’re thrilled to officially announce a strategic referring partnership between Coba and Monex USA, combining Coba’s AI-powered, embedded cross-border infrastructure with Monex’s institutional-grade FX, global payout capabilities, and 35+ years of market expertise.

This alliance brings together two teams deeply committed to simplifying and optimizing financial flows in one of the world’s busiest and most complex commercial corridors: the United States and Mexico, where over $356 billion in trade and payment activity is projected by 2032.

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Why This Partnership Matters

The cross-border needs of growing businesses—from SMBs to global platforms—are changing fast:

• Financial operations are still fragmented, requiring multiple vendors and back-office teams to reconcile USD <> MXN flows.
• FX fees and unpredictability continue to erode profit margins.
• Delays in settlements mean companies need to hold excess capital instead of investing in growth.
• Many traditional providers don’t understand the specific needs of companies operating between these two markets.

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That’s why Monex USA and Coba are joining forces—to enable faster, smarter, and more cost-efficient cross-border operations for the next generation of businesses in the region.

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What This Means for Coba Clients

Through this partnership:

• Coba clients will have access to Coba’s real-time cross-border payment rail supported by Monex’s FX desk and digital platform, enabling global payouts, real-time rates, and currency hedging tools.
• Monex will support clients referred through Coba with international settlements, tailored FX strategies, and multi-currency account solutions.
• All integrations are designed with compliance, transparency, and automation in mind, supporting high-volume businesses or platforms seeking embedded financial capabilities.

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For companies managing payroll, vendor payouts, collections, or treasury operations across borders, this represents a meaningful upgrade to how money moves in and out of Mexico.

“At Coba, we eliminate businesses' financial challenges when managing cross-border transactions and navigating costly, complex banking systems. Through our partnership with Monex USA, our clients may have access to Monex’ FX capabilities, faster transactions, and powerful tools to help their businesses thrive. With features like multi-currency accounts, global payouts, rapid settlements, and an intuitive platform, Monex will enable our clients to unlock new growth opportunities. By providing access to Monex USA’s innovative online payments technology, common clients will simplify global financial operations.”

— Carlos Medellin, CEO & Co-Founder of Coba

“Our innovative financial technology solutions are designed to empower forward-thinking companies like Coba to tap into large, underserved markets. By integrating our advanced currency exchange and payment solutions with Coba's cutting-edge AI-driven platforms, we're not just expanding our reach but creating a seamless, user-friendly experience that opens new opportunities for businesses. Together, we're setting new standards in financial inclusivity and accessibility, reaffirming our commitment to transform the financial landscape for a brighter, more connected future."

— Michael Wilson, Managing Director, Monex USA

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About the Companies

🏦 Monex USA

Monex USA has provided corporate clients with industry- leading foreign exchange and international payment solutions for over 24 years. Monex USA is part of the wider financial services group controlled by Monex S.A.P.I. de C.V. (formerly Monex S.A.B. de C.V.) (“Monex”), a global investment-grade financial services institution. Founded in 1985, the Monex group is a global financial services organization that services more than 70,000 clients worldwide. In 2022, Monex managed US$ 303 billion in deliverable FX trades and US$11.1 billion worth of assets. Through its subsidiaries, the group offers financial services in key financial centers worldwide throughout North America, Latin America, Europe, and Asia and employs over 2,800 people globally. As part of the Monex Group, Monex USA is headquartered in Washington, DC, with offices in New York City, Beverly Hills, Houston and Miami.

🔗 Visit Monex USA

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🌐 Coba

Coba simplifies financial operations for businesses across the US-Mexico corridor with AI-powered infrastructure and use-case-driven integrations. Our programmatic FX engine, paired with human-in-the-loop safeguards, helps mitigate risk and maximize cross-border profitability.

Backed by Y Combinator, Goodwater Capital, and fintech leaders from Coinbase and Remitly, Coba Business equips growing SMBs with enterprise-grade tools and a custom approach tailored to their flow of funds, so they can scale, optimize, and stay focused on growth.

🔗 Visit Coba

📬 Get Involved

If you're a business operating between the U.S. and Mexico—or a platform building for this market—we’d love to talk.

👉 Schedule a call with our team

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Unlock Seamless Cross-Border Finance with Coba

Looking to simplify USD-MXN transactions for your business? Coba’s embedded financial solutions enable faster, more efficient cross-border payments, helping businesses eliminate friction when moving funds between the US and Mexico.

Whether you’re a Vertical SaaS platform, ERP provider, or a company looking to integrate financial solutions, Coba offers the infrastructure to handle multi-currency accounts, automated FX conversions, and seamless payouts—all through a flexible API.

Let’s explore how we can power your financial operations and help you unlock new revenue streams.