Overview

• Cocos Capital has signed an agreement to acquire 100% of Banco Voii for approximately US$20 million paid entirely in cash.
• The transaction remains subject to customary closing conditions and requires approval from the Central Bank of the Argentine Republic before it can close.
• With a banking license in hand, Cocos will be able to launch digital products such as fixed-term deposits, savings accounts, remunerated accounts and credit offerings.
• Since its founding in February 2021, the fintech has grown to more than one million users and manages over US$700 million in assets across its investment funds.
• The acquisition underscores Cocos’s self-funded growth model, which relies on reinvesting profits rather than raising external capital or taking on new investors.