By the end of 2027, Takenos will be operating in the fifteen Latin American markets outside Argentina, Brazil, Mexico and Colombia. These markets move approximately US$1.0 trillion a year in cross-border flows — trade, services and remittances — almost entirely through correspondent banking.
This document sets out how we derive that addressable figure, the share and pricing assumptions behind our five-year plan, and the sensitivities that matter most.
The build reaches US$395M in annual revenue in Year 5, on US$43.4B of annualized transacted volume — a 16.4% share of addressable flow at a 91bps blended take rate.
Current run rate: US$15.4M, growing 3.1x LTM, on US$2.5B of annualized transacted value and 110,000+ MAU across Bolivia, Argentina, Peru, Ecuador and Paraguay.
Total cross-border flow is not a serviceable market. We segment each country's flow into three components and apply a distinct capture ratio to each.
| Component | Addressable | Rationale |
|---|---|---|
| Remittances | 100% | Entirely peer-to-peer, small-ticket, price- and speed-sensitive. This is the flow stablecoin rails serve better than any incumbent, with no structural portion excluded. |
| Services | 60% | Freelancers, software, professional services and agencies collecting from abroad, in tickets from hundreds to tens of thousands of dollars. The excluded 40% is card-settled tourism and international freight, which already run on dedicated rails. |
| Goods | 12% | Goods are ~76% of total flow but mostly commodities and large corporates settling through letters of credit, hedging and tied bank financing. Our addressable segment is the SME importer: US$5,000–200,000 tickets, no access to bank instruments, paying wide spreads today. |
Bolivia is the single exception, carried at 15% on goods. The weight of small and informal importers in Bolivian trade is structurally higher than the regional norm, and it is the market where we have the deepest operating evidence.
| Component | Flow | Ratio | Addressable |
|---|---|---|---|
| Goods | 20,000 | 15% | 3,000 |
| Services | 3,700 | 60% | 2,220 |
| Remittances | 1,333 | 100% | 1,333 |
| Total | 25,033 | 26% | 6,553 |
US$ millions.
Applied across all fifteen markets, this yields US$264.7B of addressable flow against US$1.02T of total flow — a 26% regional average.
Sources. Total flows are constructed from UN Comtrade and ECLAC trade data (goods and services) and IDB remittance figures for 2025. Capture ratios are Takenos estimates informed by our own transaction mix across five operating markets.
Markets where Takenos is live today. Highest share assumptions, supported by existing distribution, licensing and liquidity.
| Country | Total flow | Addressable | Share Y5 | Volume Y5 | Take rate | Revenue Y5 |
|---|---|---|---|---|---|---|
| Peru | 165,000 | 33,000 | 26% | 8,580 | 90bps | $77.2M |
| Ecuador | 86,000 | 18,900 | 29% | 5,481 | 95bps | $52.1M |
| Paraguay | 36,000 | 9,000 | 31% | 2,790 | 95bps | $26.5M |
| Bolivia | 25,033 | 6,553 | 32% | 2,097 | 110bps | $23.1M |
| Subtotal | 312,033 | 67,453 | 28% | 18,948 | 94bps | $178.9M |