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If you're using a cloud service such as AWS and want to save between 25-60% on your costs then you need to look into Pump.co, this platform which uses group buying and AI to help you save on your cloud costs.
It can be a game changer for businesses helping them save thousands which can then be invested in other aspects of their business.
Pump offers the following:
- It's free to use
- Save up between 25-60% on your cloud costs
- Similar to how free credits can save you money but these savings can last much longer
- Min of $2,500 per month spend in order to use this platform ($5k/month for India based companies)
It can be a no brainer for companies of all sizes from startups spending $2.5k a month to companies spending hundreds of thousands every month as the cost saving can be dramatic.
If you're interested in joining Pump for free saving on your AWS cloud spend you can follow the steps below:
- Arrange a call with Pump via the 'Get the Deal' button at the top of this page
- Pump will know you've come from us (FounderPass) and therefore if you join will ensure you get the best deal
- You'll then be able to save 25-60% on your costs
- Remember you need be spending a minimum of $2,500 per month AWS spend to join Pump (min $5k a month for those based in India)
Pump is a fast growing business that has come through YC Combinator and has no taking further funding, they currently provide this group buying service to 1000's of customers including 50 other YC startups.
How does Pump.co work?
One of the most common questions is 'how does Pump.co work' and 'is it legit?' and that's not surprising seeing as the platform is free to use and claims you can save anything from 20-60% on your cloud costs.
Put simply, it uses group buying to help reduce the cost of everyones cloud, essentially it's like getting a group of 10 companies that uses similar resources on the cloud as you and going to a company like AWS and asking for a discount if you buy together. Pump do all of this for you, so you simply just watch the savings come in.
On top of free AWS credits you can sometimes get discounts on AWS if you commit for longer times i.e paying a per hour price is way more expensive than per year, however this requires commitment. With businesses needs changing it would be relatively risky agreeing to a long term deal when things can change, this is where Pump comes into play.
They use the collective buying power to seamless transfer unused commitments between companies, meaning you can get the high discount that has been agreed, these discounts are typically only available to large users of AWS.
They only take billing level permissions, this means that they can't stop, start or change an instance and they cannot access your code or user data. They simply need the billing level permissions in order to enroll you into their group buying so they can claim the discounts.
Which cloud services do they work with?
Currently Pump offer you the ability to save money on AWS however they have plans to introduce the same with Digital Ocean, Microsoft Azure, Google Cloud, Heroku and Snowflake in the near future.
As AWS are one of the most popular cloud services on the internet it's great that they offer it on this and you'll be able to do this across various AWS services including:
- EC2 (Linux/Unix)
- Sagemaker
- RedShift
- EC2 Data Transfer
- ECS
- Lambda
- EBS
- ElasticCache
OpenSearch - RDS
- S3
- MediaLive
The amount of percentage you can save will depend on which of these you use, we recommend setting up a call via the link above to work out an idea of how much you could save as well as ensuring they know you came from FounderPass so you get the best deal.
How much does Pump.co cost?
Pump is free to join and use, they take a small percentage of the overall discount they negotiate as payment, this means you need not pay any one off or on-going costs to use them.
How does Pump.co make money?
Another common question is how does Pump make money as it's free to use, well put simply they make money by taking a small percentage of the volume discount from the collective spend, this means you'll still get massive discounts on your cloud but instead of Pump.co taking a fee for this service they just take a small percentage of the discount.
Am I tied into a contract?
Pump don't tie you into any contracts, so if you don't see the savings that you're happy with you can have one of their team off board you. They're pretty confident that you'll save money via using their group buying power across whichever platform you use for your cloud.
Are AWS okay with us doing this?
Another very common question and the answer is yes, Pump.co are an AWS partner and AWS even refer their own customers across to Pump on occasion. Ultimately AWS want their customers to be happy and if there is a way users can be happier with their costs and not go to a competitor then they are happy.
Can Pump be used with free AWS credits?
Many people will have free AWS credits, whether this is the $1,000 that you can claim from AWS, the great news is that you can use your free credits with Pump, it simply means these free credits last longer as the costs are reduced and therefore the credits will last longer.
Plus as a bonus, you'll get an extra year added to the expiry date of your credits if you use them within Pump.
