Cora, a Brazilian digital lender to SMBs, recently raised $116M in a large Series B funding round. The funding round is notably larger than their $26.7M Series A round led by Rabbit Capital in early April 2021. The company launched its first product in October 2020, after it received approval from the Central Bank of Brazil to become a 403 bank, and looks forward to expanding its corporate credit card which is currently in beta for select users.
Source: Brazilian fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks
