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Announced

Completed

Greenoaks led a $114m Series B funding round in Cora.

Financials

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Transaction Value£84m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Venture Capital

Consumer Lending

Minority

Acquisition

Brazil

Cross Border

digital lending

Private Equity

Completed

Private

Friendly

Synopsis

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Greenoaks, a global investment firm, led a $114m Series B funding round in Cora, a Brazilian digital lender to small-and-medium-sized businesses. Additional investors include Tiger Global, Tencent, Kaszek, QED and Ribbit Capital. "Looking ahead, the startup plans to use new capital toward product development, growth, operations and building out a credit offering. We are using the data it is generating “to provide way better credit” for the customers," Igor Senra, Cora CEO and Co-Founder.

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