# Cora Pagamentos Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cora-pagamentos-ltda

- Industry: Software
- Headquarters: Sao Paulo, Brazil
- Website: www.cora.com.br
- Total disclosed funding: $140M
- Latest round: Series B (Aug 24, 2021)
- Investors on record: 6

## About

Based in Sao Paulo, Brazil, and founded in 2019 by CEO Igor Senra Magalhaes, along with Leonardo Soares Barbosa Mendes, Cora Pagamentos Ltda. develops a mobile application for businesses that allows them to track and manage their finances, sales, and bills. In August 2021, Cora Pagamentos Ltda. received its latest series B funding from a group of investors that includes Tiger Global Management, Tencent, and Greenoaks. The firm has 150 employees as of October 2021.

Cora Pagamentos Ltda. offers a mobile application that provides financial solutions for businesses, allowing them to track and manage their finances, sales, and bills. It provides a collections management dashboard, automatic billing notifications, and installment slips of fines and discounts on bills of exchange to avoid delays and optimize payments. Cora Pagamentos Ltda. also offers a Cora account card that allows users to manage day-to-day expenses and international purchases.

The income of the firm is produced by transactions conducted through its mobile application and the sale of its account cards for individual and organizational usage.

Cora Pagamentos Ltda. will use the proceeds of the latest Series B funding to continue the growth of its technology, credit products, and operations.

## Funding rounds

- Series B, Aug 24, 2021, $113M — Tiger Global Management, Greenoaks Capital, Tencent Investment, QED Investors, Kaszek Ventures, Ribbit Capital
- Series A, Apr 5, 2021, $27M — Greenoaks Capital, QED Investors, Kaszek Ventures, Ribbit Capital

## Investors

- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series A, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A, Series B
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Tencent Investment — Series B