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.
Day: December 5, 2019
Investors boycott Brazil over Amazon deforestation concerns
As global concern about the fires devastating parts of the Amazon rainforest peaked in August, one of Scandinavia’s biggest investors dropped a bombshell. Nordea Asset Management which controls more than €200bn of funds, announced it was quarantining Brazilian government debt because of political and environmental risks.
