Cumbuca

Cumbuca, previously known as Comadre, is a fintech company headquartered in São Paulo, Brazil. It specializes in providing digital group accounts tailored for Brazilian families and groups, facilitating shared savings, debt tracking, and bill splitting. Launched on August 27, 2021, and part of the Y Combinator S21 batch, Cumbuca offers features such as shared savings, debt tracking, and bill splitting on utilities, groceries, and online deliveries. The company supports a customizable shared permission system for account management, allowing users to invite family, friends, and roommates to share balances and payments. It also enables shared PIX and boleto payments and offers a shared card for splitting payments on various services. Cumbuca ensures visibility and security for all group members, providing access to payment tracking and proof downloads. It facilitates immediate payment splitting among multiple people using the card, boletos, or PIX from multiple account balances. The company raised R$15 million in a seed investment round led by Lightspeed Venture Partners and Supera Capital and is authorized by the Central Bank of Brazil to operate as a Payment Institution in the Payment Transaction Initiator modality. Cumbuca operates under the legal name CUMBUCA SERVIÇOS DE TECNOLOGIA LTDA and is part of the same economic group as CUMBUCA INSTITUIÇÃO DE PAGAMENTO LTDA. The app is available for free, with no charges for account creation or maintenance, and offers a virtual Cumbuca Card usable across Brazil in establishments that accept Mastercard. Additionally, the company provides a platform for managing shared expenses and finances, hosts a blog with financial organization tips, and maintains active engagement on various social media platforms.