GloboKasNet

Founded in 2007

Initial investment in 2010

Board member: Maya Chorengel

globokas.net

'GloboKasNet’s vision is to turn into reality the economic and social inclusion of any person, anywhere, without regard to distance or population density'

Company overview

GloboKasNet (GKN) is the largest and fastest-growing, independent, multi-bank payment network in Peru offering transaction, processing, settlement and bill payment services to low income urban and rural clients of banks, microfinance institutions (MFIs) and commercial wholesalers. GKN empowers its agents – typically carefully selected small shop owners or merchants – with training and technology to perform all the functions of a bank teller or ATM, providing greater convenience and accessibility to end clients.

Community served

GKN services low income urban and rural Peruvians who have difficulty accessing bank/MFI branches to complete their simple banking transactions due to inconvenient locations, limited operating hours, or long lines. These customers appreciate the flexibility of timing and convenience of location to complete financial transactions at their local community stores that serve as GKN agents. Small shop-owners and merchants who serve as agents also benefit from transaction commissions and increase in visitors to their stores and greater credibility within their communities. Recently, GKN has also started servicing corporate clients.

The Peruvian financial system processes over 57 million transactions per month.

Entrepreneur

Gino Picasso, Founder and CEO, has over 25 years of experience in global information and communications technology prior to founding GKN, most recently as CEO of Mobile 365 and Iridium Satellite. Previously, he held senior positions at GE and McKinsey. He brings significant experience operating early stage, growth and mature companies internationally.

Juan Jose Marthans, President of GKN Peru, is one of the most respected individuals in the financial industry in Peru. Prior to joining GKN in its early days to lead the company’s Peruvian operations, Juan Jose was the Superintendent of Peru’s financial services industry regulatory body, the Banca, Seguros y AFP from 2002-2007. Juan Jose has also taught and lectured in economics and financial institutions at the University of Lima and other institutions and is actively involved in economic development and financial inclusion initiatives within Peru.

Michael Deutschman, Founder and Chief Administrative Officer, has over forty years of experience across venture capital and real estate investing, corporate law and telecommunications. Prior to joining GKN, he was the Chief Counsel and Chief Administrative Officer of Iridium Satellite - a global satellite services provider and earlier was involved in closing nearly $1 billion in transactions across venture capital and real estate transactions through Diversified investment associates - an investment fund he co-founded in the early 70’s. Michael began his career in corporate law with Weinberg & Green specialising in the tax and real estate practice.