KaszeK Ventures led a US$10m investment in Cora, a Brazilian fintech lending to small and medium businesses, with participation from Ribbit Capital. This is Cora’s first disclosed financing.

(TechCrunch) It didn’t take much for the founders of Cora, Brazil’s newest startup to tackle some aspect of the broken financial services industry in the country, to raise their first $10 million.

Igor Senra and Leo Mendes had worked together before — founding their first online payments company, MOIP, in 2005. That company sold to WireCard in 2016 and after three years the founders were able to strike out again.

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