Building the future of
embedded finance for
global impact

As a leader in embedded finance solutions and one of the largest references in open finance in Brazil, Celcoin has pioneered connecting businesses across industries to financial market opportunities. Its modular solutions are tailored to the unique needs of each client. Since 2016, the company has been a pioneer in shaping the story of Banking as a Service (BaaS) in Brazil.

Initially looking to outsource talent, Celcoin found a strategic partner in Luby, leveraging its expertise in the financial sector to support the development and modernization of its Banking as a Service system

Celcoin innovation contributions from Luby

Evolution

Banking Evolution

Celcoin’s BaaS system has evolved to meet technological advances and market demands. As a pioneer in this space, Celcoin needed to modernize its core system, a challenge that Luby was well prepared to take on.

Our initial involvement included a thorough assessment of the existing software and the identification of areas for improvement. Based on this assessment, we began to restructure and modernize their Banking as a Service applications and banking infrastructure.

Our team also developed new applications to enhance functionality, such as:

  • API for webhook management

    Enabling customers to independently register and manage webhooks for BaaS.

  • TED transaction processing applications

    Enabled customers to perform TED cash-in and cash-out transactions, improving transfer and receipt capabilities.

  • New menus on the Celcoin portal

    Improved onboarding for BaaS customers and streamlined the management of customer-specific configurations and updates.

Outsourcing

Following the successful system evolution and core banking refactoring, Celcoin continues to rely on Luby’s talent outsourcing services. Our solution identifies the ideal talent profiles, both technically and strategically, to seamlessly integrate with the client’s internal teams.

To meet Celcoin’s need for skilled back-end developers, we provided professionals quickly, meeting expectations and ensuring agility. In addition, Luby manages and monitors these professionals, reducing Celcoin’s operational burden in terms of team oversight.

Strategic partnership results

Skill Set

  • Back-end Development
  • Front-end Development
  • Solution Architecture

Technologies and Stacks Used

  • Logo Microsoft SQL Server
  • logo C#

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