Crypto On and Off Ramp for Latam

We provide simple, well-documented, and fully compliant payments APIs and interfaces so that any company can instantly start leveraging crypto to offer services like remittances, USD wallets, and investments.

Team Size:7
Location:Miami, FL
Group Partner:Harj Taggar

Active Founders

Ignacio Detmer

Ignacio has vast experience scaling business across Latam as Co-Founder and COO of Americas Car Group, a unicorn sold to Prosus Group. He is also a Co-Founder of Proptech (Opencasa), managing 75M USD in properties in the US

Ignacio Detmer
Ignacio Detmer

Guillermo Acuña

Entrepreneur from Chile, fullstack handyman.

Guillermo Acuña
Guillermo Acuña

Company Launches

Good morning, buenos días, bom dia!

TL;DR: Koywe provides simple, well-documented, and fully compliant payment APIs and SDKs so that any developer can instantly start leveraging crypto to offer services like remittances, USD wallets, and investments.

We’re live, with local on & off payment rails in Chile, Mexico, Colombia, and Peru, and growing 5x MoM! Soon we’ll be in Brazil, Argentina, and Central America.

Check out our docs and send us an email to founders@koywe.com! Join the Koywe forest.

Who is building this?

Koywe is built by us, Ignacio Detmer and Guillermo Acuña! We met over 30 years ago and have remained friends ever since.

We’ve always been passionate about building something people need, especially if it can help every Latin American thrive, founding startups for the last 15 years!

Latam needs this

Today, most Latin Americans are financially underserved, in both access to, and prices we pay for almost all financial services.

We believe crypto can solve this, not by having expensive jpegs or mooning tokens, but by enabling real financial applications that settle instantly and at the cheapest fees. We want to offer the building blocks for those applications!

And we’re not alone in our belief! Latam has been one of the fastest growing regions in crypto adoption and the main use cases are remittances (instant settlement and cheap fees!), a hedge against inflation (stable coins ftw!), and last but not least: investments and speculation.

Real use Cases, Real Solution

There are many challenges to be solved! It’s too hard (and expensive) to use crypto as a startup or fintech company. Countries in Latin America are very diverse, not only in terms of its people, but also laws and regulations, institutions, and financial infrastructure. An international ramp can be as expensive as 10% per transaction, thanks to lack of liquidity, payment processor fees, and exchange rates.

This made using crypto infrastructure really difficult, until now!

Koywe Infrastructure

Koywe provides simple, well-documented, and fully compliant payment APIs (both GrapQL and REST) and SDKs so that any developer can instantly start leveraging crypto to offer services like remittances, USD wallets, and investments, at the best local prices and fully compliant in each country. As easy as 1, 2, 3.

For example, get a real quote to sell 1,000 USDC on Polygon and receive CLP:

curl --location --request POST 'https://api.koywe.com/rest/quotes' \
--header 'Content-Type: application/json' \
--data-raw '{
    "amountIn": 1000,
    "symbolIn": "USDC Polygon",
    "symbolOut": "CLP",
    "executable": false

Try it out now!

Pro Tip: Changing executable to true allows you to execute that quote within 10 seconds of creating it.

We make it as easy as possible.

We wrote our docs to be very easy to read and understand. They get updated almost every week with feedback from our dear customers.

And if APIs or SDKs are too complicated for you (or can't be bothered with yet another integration), we can spin up a completely customized web view or url just for you! In under an hour we had set up a bespoke solution for one of our DeFi customers!

The Future

We have a long-term vision of crypto enabling even more complex use cases, like lending, invoice discounting, and other financial services that help speed up the region's development. All in a non-custodial, fully compliant way!

Read more about our vision and why we are called Koywe (like the tree in Patagonia) on our docs!

Our ask

  1. If you're a fintech or crypto-native company, let's talk about how we can help you grow in Latam!
  2. If you know a company that could use our services, make an intro!

You can reach us at founders@koywe.com for a bespoke, personalized attention (and some Latin flavors). We promise efficiency, no BS, and at least one laugh!

Selected answers from Koywe's original YC application for the W23 Batch

Describe what your company does in 50 characters or less.

Crypto infrastructure for Latam

What is your company going to make? Please describe your product and what it does or will do.

Easy to use and integrate, modular Crypto, Compliance, and Fiat rails for individuals and businesses. Starting with a crypto ramp, we want to help businesses and individuals to easily go from local fiat to crypto and vice versa, on any fintech or web3 platform. Integrating local payment methods and complying with local regulations. Some use cases: full-stack crypto ramp for web3 projects via 3-line SDK integration; bespoke fiat to stable coin integration for fintech companies; off ramping facilities; seamless integration between fiat and crypto accounts. We dream of a third of all crypto transactions in Latam going through our rails.

YC W23 Application Video