Want a back door into Brazil's payments system?
Brazil's central bank has built Pix and open finance frameworks that many countries envy, but foreign firms can face years of licensing to access them.
Cumbuca, a Y Combinator-backed startup founded by Daniel Ruhman, Bruno Cury, and Pedro Castilho, offers another path. A payment initiation proxy service that lets companies build their own infrastructure under Cumbuca's licence.
Customers can connect directly to the central bank, keep operational control, and avoid vendor lock-in. The company has just announced the service and highlighted backing from Lightspeed and Supera Capital, along with a team of Brazilian open finance veterans such as Gustavo Lino, Ana Luisa Monteiro, and Nic M.
By solving the licensing bottleneck and riding the Pix wave, Cumbuca could become the gateway for global fintechs entering Latin America.
How would instant access to Brazil change your roadmap?
#fintechoftheday #payments #Brazil #openfinance
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