Case Study
Cumbuca: Discover the fintech that increased transactions by 600% with Pismo
Please fill out your details to download the full content
About this content
Discover why Cumbuca, a startup that offers a shared balance and expense management application, chose Pismo to manage user accounts and process payment cards quickly and flexibly.
What you will find
- The story of Cumbuca, a Brazilian fintech startup that offers an innovative app for joint account management and shared expenses
- How migrating accounts to Pismo enabled the creation of new features and the growth of the company’s customer base
- How Pismo assisted Cumbuca’s team in launching a payment card that will be integrated into major digital wallets
Overview
Founded in 2021 by entrepreneurs Bruno Cury, Daniel Ruhman, and Pedro Castilho, Cumbuca is a digital platform designed to facilitate the division and shared management of expenses. It is used by friends, couples, colleagues, service providers, and other groups with common expenses.
In the app, Cumbuca users can create groups for various purposes. For example, a group for household expenses with the family and another for a trip with friends. The app supports various payment methods, including real-time payments (Pix in Brazil) and cards.
In 2022, after a detailed study of technological options, Cumbuca chose the Pismo cloud-native platform for managing user accounts and processing payment cards. Since migrating its accounts to Pismo, the fintech company experienced a 600% increase in monthly transaction volume. The platform’s scalability allowed the workload to grow rapidly while maintaining performance and reliability.
In 2024, Cumbuca will rely on Pismo to tokenise its recently launched payment cards, enabling their use in digital wallets such as Apple Pay, Google Pay and Samsung Pay.
