Brazilian Fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks

Cora, a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital.

This is a large Series B by any standards, but particularly so for a Latin American startup. It’s also notable that São Paulo-based Cora only raised its $26.7 million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. The startup has now raised a total of $152.7 million since its 2019 inception.

By Mary Ann Azevedo via Tech Crunch

Read full article here