Profile
Corporate information
Official name
Cora Sociedade de Crédito Direto S.A.
Also known as
Cora
Registration country
Official name
Cora Sociedade de Crédito Direto S.A.
Also known as
Cora
Registration country
Investment activity status
Active investor
Company type
Digital lender to small and medium businesses.Overview
São Paulo-based technology-enabled lender to small and-medium-sized businesses.
Cora got its license approved from the Central Bank of Brazil, making it a 403 bank. The fintech then launched its product in October 2020 and has since grown to have about 60,000 customers and 110 employees.
Cora offers a variety of solutions, ranging from a digital checking account, Visa debit card and management tools such as an invoice manager and cashflow dashboard. With the checking account, customers have the ability to send and receive money, as well as pay bills, digitally.
Funding
Funding rounds
Series A USD 26,700,000
USD 26,700,000 (6 Apr 2021)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Ribbit Capital | Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. | United States | Follow-on investment. Led the round. |
|
Greenoaks Capital Partners LLC | Privately held global investment firm | Initial investment. Round participant. | |
|
QED Investors LLC | United States | Initial investment. Round participant. | |
|
Kaszek Ventures | Uruguay | Follow-on investment. Round participant. |
Seed USD 10,000,000
(1 Dec 2020)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Kaszek Ventures | Uruguay | Initial investment. Led the round. |
Seed USD 10,000,000
USD 10,000,000 (1 Dec 2019)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Kaszek Ventures | Uruguay | Initial investment. Led the round. | |
|
|
Ribbit Capital | Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. | United States | Initial investment. Round participant. |
Cap Table
Current and past shareholders
| Investor | Round | |
|---|---|---|
|
|
Greenoaks Capital Partners LLC Privately held global investment firm |
Series A |
|
|
Kaszek Ventures |
Seed Series A |
|
|
QED Investors LLC |
Series A |
|
|
Ribbit Capital Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. |
Seed Series A |