Brazil based SME lender raised $10m led by Kaszek Ventures with participation from Ribbit Capital. The founders previously worked together on MOIP, which sold to WireCard in 2016.
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Cora, a Brazilian SME lender, raised $10m in its first round of funding
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“So far, large financial institutions have mainly built products that focus either on individuals or on large corporate clients and have totally ignored small and medium sized enterprises, who are the most relevant creators of value in our economies,” said Mendes in a statement. “We want to offer a high-quality, customer-centric suite of financial products that address the specific underserved needs of our clients’ businesses.”
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