What is Cora?
Founded in 2019 by Igor Senra and Leonardo Soares Barbosa Mendes, Cora operates as a licensed financial institution dedicated to eliminating the bureaucratic hurdles that traditionally impede small business growth. The platform provides a comprehensive digital ecosystem, offering free business accounts, automated invoice management, and real-time cash flow monitoring. By centralizing financial operations into a single, intuitive mobile and web-based interface, Cora enables business owners to separate personal and professional expenses while gaining actionable insights for decision-making. Its market position is defined by a commitment to financial inclusion, providing sophisticated tools that were previously inaccessible to the SME segment.
How much funding has Cora raised?
Cora has raised a total of $142.7M across 2 funding rounds:
Series A
$26.7M
Series B
$116M
Series A (2021): $26.7M with participation from Ribbit Capital, Kaszek Ventures, GREENOAK CAPITAL MANAGEMENT( NORTH AMERICA, and QED Investors
Series B (2021): $116M led by GREENOAKS, QED Group, Ribbit Capital, Kaszek Ventures, Tencent, and Tiger Global
Key Investors in Cora
Ribbit Capital
A venture capital firm that invests globally in unique individuals and brands aiming to disrupt financial services, with a focus on under-innovated categories.
Kaszek Ventures
A premier venture capital firm focused on partnering with exceptional tech entrepreneurs in Latin America, providing both capital and operational expertise.
QED Investors
A boutique venture capital firm specializing in early-stage, disruptive financial services companies across the U.S., U.K., and Latin America.
What's next for Cora?
The infusion of capital from this major strategic investment positions Cora to scale its product suite and deepen its penetration within the Brazilian market. As the company transitions from its initial scaling phase toward broader enterprise-level operations, the focus will likely shift toward enhancing its automated billing infrastructure and expanding its credit offerings. By leveraging its existing technological foundation, Cora is well-positioned to further disrupt the traditional banking sector, providing a seamless, tech-forward alternative that empowers the next generation of Latin American entrepreneurs to focus on core business development rather than administrative financial tasks.
See full Cora company page
