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Brazil
2021 (5 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Cumbuca
Company Information
Get to know Cumbuca
Cumbuca is a financial technology company focused on simplifying shared finances for individuals in Brazil. Founded by Daniel Ruhman, the company's mission is to provide a modern, digital alternative to traditional joint bank accounts. Its core product is a mobile application that allows users to create a shared digital account, add members, contribute funds, and pay bills or make purchases together. The platform facilitates the division of expenses and helps manage financial life for couples, roommates, or any group sharing costs, operating primarily through Brazil's PIX payment system and a shared virtual/physical card. Cumbuca operates as a payment institution in partnership with Celcoin, which is regulated by the Central Bank of Brazil.
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