# Cumbuca Instituicao De Pagamento Ltda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cumbuca-instituicao-de-pagamento-ltda

- Industry: Software
- Headquarters: Sao Paulo, Brazil
- Total disclosed funding: $3.1M
- Latest round: Seed (Aug 25, 2023)
- Investors on record: 2

## About

Based in Sao Paulo, Brazil, and founded in 2021 by CEO Daniel Ruhman, Cumbuca Instituicao De Pagamento Ltda, a.k.a. Cumbuca operates as a financial technology company that provides a multi-user finance platform, enabling users to create accounts and split expenses, such as sharing transactions and paying bills. In August 2023, Cumbuca Instituicao De Pagamento Ltda raised BRL 15 million in seed funding, co-led by Lightspeed Venture Partners and Supera Capital.

The company provides a digital payment platform with multiple features, like digital accounts for couples, split travel expenses, and division of accounts and expenses, enabling users to manage their financial transactions. The platform allows users to invite other users to divide balances and payments with payments through Pix, tickets, and soon, cards.

Cumbuca plans to use its proceeds from August 2023 funding to release debit cards and accelerate the application to operate as a payment facility.

## Funding rounds

- Seed, Aug 25, 2023, $3.1M — Lightspeed Venture Partners, Supera Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Supera Capital (https://capitalatlas.ai/funds/supera-capital) — Seed