Cora is a digital bank for self-employed and small & medium enterprises. The company is currently operating in closed beta and plans to launch its first product, a free SME-only mobile account. Cora will later release a portfolio of payments, credit-related products, and financial management tools that are currently being developed. They have developed a modern platform that offers a cheaper and simpler service, freeing entrepreneurs from the bureaucracy and repetitive work that usually involves day-to-day finance. Cora was founded by Igor Senra Magalhães and Leonardo Soares Barbosa Mendes and is headquartered in São Paulo, Sao Paulo, Brazil.