PRESS RELEASE
29 August 2023

Foley Represents Brazilian Fintech Cumbuca In Seed Investment Round

FL
Foley & Lardner

Contributor

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Foley & Lardner LLP recently represented Brazilian fintech Cumbuca in their seed investment round. The round was led by the venture capital fund Lightspeed Venture Partners.
United States

Foley & Lardner LLP recently represented Brazilian fintech Cumbuca in their seed investment round. The round was led by the venture capital fund Lightspeed Venture Partners.

Founded in 2021, Cumbuca works with the concept of "finshare," allowing users to divide and share expenses with just a few clicks. Users can create multiple groups for various purposes, whether with family, friends, spouses, or even service providers. The Cumbuca app allows sharing of balances and expenses with full transparency and visibility for all parties involved, supporting any payment by Pix and Boleto.

Cumbuca plans to use the funding toward further development, as well as the launch of a proprietary card.

The Foley team was led by partner André Thiollier and included associate Ethan Floyd.

Contributor

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More