Case Study: Cora
How Cora built its feature-rich digital bank for SMEs with Pismo
The Cora banking app offers small and medium enterprises digital accounts, loans, credit cards, and tools to manage billing, payments, and cash flow.
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About This Content:
- The story behind Cora, an innovative bank for small and medium enterprises (SMEs) in Brazil
- How Cora is growing fast by cutting down paperwork and offering free services and attractive interest rates for SMEs
- The tools Cora developed to help SMEs easily manage billing, payments, and cash flow
- How the Pismo platform, hosted on Amazon Web Services (AWS), integrates Cora’s core banking system to Visa and card embossers
Case Study Overview
- Brazilian SME leaders frequently have difficulty getting loans at a reasonable interest rate and finding financial services tailored to their needs.
- Seing an opportunity in this situation, three experienced entrepreneurs founded Cora, a bank for SMEs, in 2019.
- Cora enables SMEs to issue payment slips and receive money free of charge. It also offers them loans and credit cards.
- The bank started operations in 2020 and already has more than 500,000 account holders. Its app is rated 4.9 on Apple’s App Store and 4.5 on Google Play.
- Cora developed most of its core systems internally and used the Pismo financial services platform, hosted on AWS, to integrate them with Visa and card embossers.
About Pismo
- Pismo is a technology company providing an all-in-one processing platform for banking and payments. Large banks, marketplaces, and fintechs already use our cloud-native microservices platform. Our clients are launching next-generation solutions while migrating their legacy systems onto the most advanced platform in the market.
Our cloud-based platform empowers teams to build fast and companies to launch rapidly, scaling as they grow to have a broader audience while keeping high security and availability standards.
Pismo was founded in 2016 by experienced entrepreneurs and techies. We are a global company with offices in the United States, the United Kingdom, Singapore, and Brazil. We believe we can impact people’s lives positively all over the globe through our core values and our cutting-edge solution.