It aims to reduce bureaucracy and boost growth of these companies; Entrepreneurs can now ask for values directly by the app
O institution created exclusively to support small and medium enterprises, announced this 3rd (8.br.2025) the launch of a working capital line, which can be hired by the application. The goal is to reduce bureaucracy and boost the growth of small and medium companies.
Working capital is composed of resources (money, credit, inventories) that are needed to pay liquidity, ie, enable your business to continue working.
The novelty will initially be made available to a limited number of Cora customer and serves as much retail companies, who need capital for working, inventory and equipment, as well as service industry businesses, which are looking for opportunities to cover contract differences in contracts, balance financial flows or take a next step in business.
According to Cora, the initiative of the new tool came after the bank found that among the main reasons for hiring credit, working capital stands out as the main need for most entrepreneurs, with 55%.
“Many entrepreneurs still care about hiring credit. We want to show that if used consciously and planned, credit can be a great ally. Our intention is to offer a simple product without pranks and that really contributes to the sustainable growth of our customers.”said Igor Senra, CEO and co-founder of Cora.
Clients eligible for working capital can simulate as many times as they wish to find the ideal conditions. Includes:
- 100% digital experience, without paperwork or bureaucracy;
- 30 days to start paying;
- Flexible installment up to 12 times;
- Possibility to follow and anticipate installments directly in the app;
- Unlimited simulation of conditions directly in the app;
- Total transparency, without hidden rates;
- Approval and release of value within 5 minutes.
