COSIMO provides a Banking as a Service (BaaS) platform that automates financial operations for businesses, enabling seamless management of receivables, payables, and compliance through a single API integration. By eliminating manual processes and reducing transaction costs, COSIMO transforms financial management into a streamlined, efficient operation.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in managing their financial operations, including handling receivables, payables, and ensuring regulatory compliance, often relying on multiple systems and manual processes. This complexity leads to inefficiencies, increased transaction costs, and potential errors in financial management.
Solution
COSIMO offers a Banking as a Service (BaaS) platform designed to streamline and automate financial operations for businesses. The platform provides a single API integration to manage receivables, payables, and compliance, eliminating manual processes and reducing transaction costs. COSIMO offers solutions such as digital accounts, payment links, recurring billing, payment splitting, invoice generation, and notifications via email and WhatsApp. It also provides tools for daily account reconciliation, invoice and boleto capture, and scheduled payments.
Target Audience
COSIMO targets startups, small businesses, and large enterprises seeking to streamline their financial operations, reduce costs, and ensure compliance through a unified platform.
Features
- API for adding cards and processing payments
- Digital accounts for managing receivables and payables
- Payment links for easy customer onboarding and checkout
- Recurring billing and subscription management
- Payment splitting functionality
- Automated invoice generation
- Integration with email and WhatsApp for payment notifications
- Daily account reconciliation
- Boleto and invoice capture
- Scheduled payments
- Support for credit cards, debit cards, bank transfers, Boleto, and Pix
- High-level security certification and data encryption