Tencent came onboard as the digital business banking developer raised cash which will be put towards growing its customer base.
Brazil-based digital banking platform developer Cora brought in $116m yesterday through a series B round that included gaming and internet group Tencent.
Investment firm Greenoaks Capital led the round, which also featured Ribbit Capital, Kaszek, QED Investors and Tiger Global Management.
Founded in 2019, Cora provides digital accounts for small and medium-sized businesses, ostensibly designed to reduce the red tape and high fees typical of traditional banks by providing a streamlined service.
The company got its licence from Brazil’s central…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
