About Cora
Cora is a company based in Sao Paulo (Brazil) founded in 2019. It operates as a Freemium, and FinTech. Cora has raised $153 million across 3 funding rounds from investors including Tencent, Ribbit Capital and Greenoaks. Cora offers products and services including Conta PJ, Cartão PJ, Crédito PJ, and Gestão de Cobranças. Cora operates in a competitive market with competitors including Conta Simples, Voiter, Contbank, BancoUm and Credibi, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cora Sociedade De Crédito, Financiamento E Investimento S.A.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$153 M (USD)
in 3 rounds
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Latest Funding Round
$116 M (USD), Series B
Aug 24, 2021
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Investors
Tencent
& 5 more
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Employee Count
Employee Count
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Products & Services of Cora
Cora offers a comprehensive portfolio of products and services, including Conta PJ, Cartão PJ, Crédito PJ, and Gestão de Cobranças. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital business account is provided for financial management.
Business card is offered for international expense management.
Credit solutions are provided for business financial needs.
Billing management is facilitated through automated app tools.
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Funding Insights of Cora
Cora has successfully raised a total of $153M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $116 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $116.0M
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First Round
First Round
(25 Sep 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - Cora | Valuation | Greenoaks | |
| Apr, 2021 | Amount | Series A - Cora | Valuation | Ribbit Capital | |
| Sep, 2019 | Amount | Seed - Cora | Valuation | Kaszek |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cora
Cora has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, Ribbit Capital and Greenoaks. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech-enabled businesses are funded by Greenoaks venture capital firm.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cora
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cora
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cora Comparisons
Competitors of Cora
Cora operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Conta Simples, Voiter, Contbank, BancoUm and Credibi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Voiter is positioned as a business banking partner.
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Digital banking services with debit cards and loyalty programs for small businesses.
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| domain | founded_year | HQ Location |
Digital platform for personal and business banking, loans, and prepaid cards services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cora
Frequently Asked Questions about Cora
When was Cora founded?
Cora was founded in 2019.
Where is Cora located?
Cora is headquartered in Sao Paulo, Brazil.
Is Cora a funded company?
Cora is a funded company, having raised a total of $153M across 3 funding rounds to date. The company's 1st funding round was a Seed of $10.3M, raised on Sep 25, 2019.
What does Cora do?
Cora is established as a digital banking platform tailored for small and medium-sized enterprises in Brazil. Financial solutions are provided, including free business accounts, international business cards, and credit options. Tools for billing, cash flow management, and payment processing are offered to simplify financial operations. The focus is placed on eliminating bureaucracy and hidden fees, supporting entrepreneurs with accessible and transparent services in the fintech sector.
Who are the top competitors of Cora?
Cora's top competitors include Conta Simples, Voiter and Contbank.
What products or services does Cora offer?
Cora offers Conta PJ, Cartão PJ, Crédito PJ, and Gestão de Cobranças.
Who are Cora's investors?
Cora has 6 investors. Key investors include Tencent, Ribbit Capital, Greenoaks, Tiger Global, and Kaszek.
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