Brazilian fintech Cora recently announced the closing of a $116M Series B funding round, with investors including Tiger Global, Tencent, and Greenoaks.
Cora is a financial services platform in Brazil, providing access to credit and insurance products for customers. With this new funding infusion, Cora aims to expand its customer base further and build on its already solid setup.
Let’s take a closer look at Cora and the details of this investment.
Brazilian fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks
Cora is a California based startup that former Google and Uber employees founded. Established in 2017, the company focuses on developing autonomous aircraft that can provide transportation on-demand. The company has invested heavily in research and development efforts to bring such an aircraft to market.
Cora is backed by major investors such as Tencent and Tiger Global Management. This support has enabled the company to accelerate their progress in aerospace technology, including the development of lifting body airframe design, advanced propulsion systems and intelligent software control systems.
The platform of Cora combines electric motors, artificial intelligence (AI) navigation software, avionics and other advanced aerospace technology that enables it to fly with increased safety and efficiency compared to traditional manned aircrafts. With its unique design, Zephyr uses a mixture of energy sources for power as it lacks wings or a helicopter rotor system for lift-off or landing. Cora’s autonomous intelligence system also enables the aerial vehicle to operate safely even within complex airspace scenarios.
Overview of Cora’s business model
Cora is a mobility platform that allows people to book helicopters and other transport services from the comfort of their own homes. The company was founded in 2016 by CEO and Co-Founder, Rajat Jain. As the Chief Executive Officer, Jain brings over 15 years of experience in venture capital, private equity, technology, and operations to Cora.
The platform leverages machine learning technologies such as artificial intelligence (AI) and natural language processing (NLP) to match customers with personal plane rides, giving them access to various air transportation services. By utilizing its AI-driven algorithms, Cora aims to make air travel accessible to people who previously might not have been able to take advantage of it.
To meet its ambitious goals, Cora has secured large investments from some of the world’s biggest tech companies; TigerGlobal Management LLC invested $25 million into Cora in 2018 while Tencent Holdings Limited invested $15 million in Series B funding just a year later. With such powerful backers providing resources and guidance, the business is well placed for its next growth phase – expanding internationally into China and other high-growth markets worldwide.
Reasons for Tiger Global and Tencent’s Investment
Tiger Global and Tencent have invested significantly in a Brazilian fintech company, Cora. This shows the potential of the Latin American fintech market these two tech giants have seen in the region.
This investment provides an insight into why these two companies have decided to invest in Cora. Let’s explore the reasons that have driven the decision of Tiger Global and Tencent to invest in this Brazilian fintech company.

Cora’s potential in the Brazilian market
Cora, a Brazilian plant-based food tech company, recently saw major investments from technology giants Tiger Global and Tencent. This spike in investment is largely due to Cora’s potential within Brazil and its ability to capitalize on the increasing trend towards veganism.
The Brazilian market has seen an increasing demand for plant-based options over the past decade. As a result, vegan and vegetarian options have become much more accessible over the years, with many supermarkets now stocking vegan alternatives to traditionally animal-centric products. The emergence of companies such as Cora has only furthered this trend by offering delicious meat-free meals that appeal to both vegans and non-vegans alike.
The investments from groups such as Tiger Global and Tencent likely indicate their confidence in Cora’s ability to make further strides in the Brazilian market. Through these investments, Cora can further expand across Brazil with capital that can allow it to build new factories, expand its product line, add new logistical capabilities and even introduce innovative technologies such as AI-driven menus for food recommendations or voice ordering capabilities in restaurants.
Cora’s potential in the Brazilian market is evident through recent investment decisions and their significant growth since launch. In 2018 alone they saw an impressive 600%+ increase in revenue, which will only continue to grow with further support from leading technology firms.
Cora’s innovative approach to fintech
Global venture capital firms Tiger Global Management and Tencent recently invested in Cora, an AI-powered digital banking platform. Cora was founded by three tech industry veterans, who sought to establish an alternative global fintech solution for NGOs, small businesses and non-profits.
The company has developed a new approach to digital banking that focuses on increasing access and decreasing transaction costs for people in the global South. Cora’s platform uses big data and advanced analytics to accurately assess creditworthiness in order to approve or reject customers quickly. This proprietary technology automatically analyzes applicants’ financial history, cryptocurrency holdings, and other digital assets. Cora’s innovative approach helps eliminate the time-consuming manual credit checks used at traditional banks.
Cora also has automated correspondent banking, allowing customers with no traditional bank accounts access their savings through the network of over 3,000 global money transfer operators. This eliminates the need to exchange physical currency or wait days for funds. Through these features and more, Cora can remove much of the complexity associated with cross-border payments while providing a secure way for organizations around the world to store funds and manage transactions faster than ever before possible.
The attractiveness of Cora’s solutions attracted Tiger Global Management and Tencent’s investment into two separate funding rounds this year. This new funding will help them reach their goal of providing financial services to people in developing countries who are often overlooked or hampered by traditional models of banking infrastructure.
Cora’s strong team and leadership
Cora is a company that provides seamless global payments solutions to small and medium sized businesses, enabling them to grow their international sales. Tiger Global and Tencent, two leading venture capital firms, have recently invested in the company.
One of the main reasons that Tiger Global and Tencent decided to invest in Cora was due to its strong team and leadership. Cora’s founders, based in Silicon Valley, USA and Bangalore, India, are seasoned entrepreneurs with impressive experience in the payments industry. They bring deep knowledge of payments technology and strong business acumen, enabling Cora to offer innovative solutions. Moreover, they have also put together an extremely capable team adept at building cutting edge technology solutions.
This stellar team coupled with their comprehensive understanding of the payments industry has attracted significant attention from many investors worldwide. This has led to major investments from renowned venture capitalists such as Tiger Global and Tencent who believe in Cora’s long-term potential for success. With these investments, Cora will be better positioned to compete globally in their respective markets by leveraging these partners’ resources to accelerate growth and innovation within the payment services space.

Impact of the Investment
The recent investment of $116M in the Brazilian fintech Cora by Tiger Global and Tencent has made waves in the industry, as this deal marks a milestone in the company’s growth.
As two of the world’s largest tech and investment companies come together for this venture, it could indicate the potential of Cora and the Brazilian fintech market.
This article will explore the impact of the investment, and how it could shape the future of the fintech industry.
Expansion of Cora’s product offering
Cora’s partnership with Chinese internet giants, Tiger Global and Tencent, has opened up new opportunities for the company to expand its product offering. Through this investment, Cora has obtained access to a larger client base and the financial and technical resources necessary to develop the company’s products. Additionally, this partnership has resulted in a deeper integration between Cora’s platform and Tencent’s services. This would allow new features such as voice calling and user profile management.
The investment by Tiger Global also reinforces Cora’s commitment to expanding its international portfolio by working with local partners in developing markets where services such as payments, government licensing, e-commerce, transport and logistics platforms are still nascent. This process of rapid expansion has helped drive product innovation at Cora by acquiring technology companies operating in these markets.
Using Tencent’s resources also enabled access to more mature smartphone users in China through an improved interface on WeChat and using WeChat Pay or Alipay as payment methods on Cora’s platform. In terms of marketing efforts, participation by both Tiger Global and Tencent have enabled increased reach across their respective networks amongst weibo (Chinese microblogging) users among others to propagate awareness about Cora’s product offering; creating an increased demand for Coras services.
The investment of Tiger Global and Tencent, two international organizations in the Cora startup, is proving to be significantly profitable for Cora in Brazil. This agreement comes as successful Milestone M Investors brands join the mix and fuel market stability. In addition, this agreement has allowed Cora to channel their capital into improved formatting, product breadth and partnerships that further assist in bettering their overall presence and share of Brazil’s booming markets.
This move forward has been game-changing for Cora to strengthen its foundation. It has allowed them to increase their presence in high-performance channels through CasasBahia, Walmart and Magazine Luiza, among Brazil’s most well-renowned retailers. As part of the agreement between the three organizations, previous brand mentors have received shares in the company according to agreements made at the start of their partnership with Cora. They are collectively a majority investor with achievements that can be seen across many powerful platforms such as Delivery Hero who will see significant developments from this collaboration agreement moving forward.
This success story can only inspire development teams across Brazil as more products are poured into existing markets with enhanced sustainability measures implemented at every stage throughout production levels all ensuring higher quality for allies and customers alike. Invest considerably into your team’s innovativeness and vision with key influencers worldwide just like Cora did — it will prove profitable!

Greater access to capital markets
The global investment in Cora is expected to bring tremendous value to the company. Primarily, it will give Cora greater access to capital markets more quickly and cost-effectively than they could, enabling the company to expand rapidly.
By raising additional capital, Cora will come into contact with sophisticated investors who have experience in similar spaces and have been successful for many years. This will also provide the company with access to new strategies for growth that can help them navigate a highly competitive and dynamic market in the long run.
Moreover, this influx of capital can help accelerate Cora’s research into new products and services that directly address customer needs and support marketing campaigns for product launches and other initiatives like customer engagement activities. Finally, with an experienced team of investors behind them, Cora might receive beneficial advice on keeping debt levels relatively low during rapid growth periods.
This significant investment from two of the most renowned names in the industry signals a high level of optimism among both Tiger Global Management LLC and Tencent Holdings Ltd.F on Cora’s technology-enabled solutions and its potential to revolutionize a previously underserved industry.
Conclusion
By analyzing the investment from Tiger Global and Tencent in Brazilian fintech Cora, we can see strong investor confidence in the fintech’s growth potential. With $116M raised in their Series B round, Cora is well-prepared to further capitalize on the Fintech industry and expand its market presence.
Let’s look at some of the other implications of this investment.
Summary of the investment
The recent funding round by Cora, a self-flying taxi startup, attracted the attention of many investors. Of the investors, Tiger Global and Tencent were two of the biggest. The most recent investment into Cora round brings the total amount raised to $100 million from high-profile investors such as JetBlue Technology Ventures and Google’s capital arm GV.
Tiger Global is a global investment firm specializing in private equity and venture capital investments. At the same time, Tencent Holdings Ltd is a Chinese multinational company specializing in professional tools, video games, payment services, mobile value-added services, artificial intelligence (AI) applications and internet focused investments.
By making their investments in Cora’s latest funding round of $100 million Series B financing led by Tiger Global Management and Tencent Holdings Ltd., it demonstrates their confidence in Cora’s vision and continued success in developing a safe, autonomous urban air transportation system for cities around the world. Such an investment holds great promise for revolutionizing urban mobility by reshaping how people get from point A to point B more efficiently than ever before.
Implications for the Brazilian fintech sector
The injection of capital from two major international investors – Tiger Global and Tencent – into the Brazilian fintech Cora has been seen as an optimistic sign for the country’s fintech sector. The additional resources are set to help Cora expand its operations throughout Latin America, allowing it to increase its reach and customer base. This will create a more competitive market, which should drive innovation, lower costs, and give customers more choice.
For other fintechs in Brazil, the investment signals potential in the Latin American market and that foreign investors are willing to back the right businesses. It also indicates increasing interest in financing digital platforms that enable faster payments and improved financial inclusion. As such, Brazilian companies working on digital solutions should be encouraged by news of Tiger Global and Tencent’s investment in Cora and take it as an opportunity to maximize their growth potential.
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