Coru
Leading platform enabling financial progress in Mexico.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
| N/A | $4.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 8 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Coru operates as a financial coaching and product aggregator platform, primarily serving the Mexican market since its founding in 2014. The company was established by Bernardo Prum and Miguel Ivan Hernandez Arias, with Fernando González later joining as a co-founder and taking on the CEO role. Initially launched as ComparaGuru, the firm rebranded to Coru to reflect its expanded mission beyond simple product comparison.
The company's business model is centered on alleviating financial stress by providing users with personalized financial guidance and a centralized platform to compare various financial products. It targets consumers who may have limited financial literacy, offering tools and educational resources to help them make more informed decisions. Coru utilizes artificial intelligence and a brief questionnaire to analyze a user's profile and needs, subsequently matching them with suitable products from its network of partners. The core service allows individuals to search for and compare options for credit cards, personal loans, and auto insurance.
Revenue is generated through a B2B and B2C model. When a user selects a product and their application is sent to a financial institution, Coru likely earns a commission or fee. The company also offers educational programs to businesses seeking to improve the financial literacy of their employees, creating an additional revenue stream. With 34 commercial partners, including banks and insurance companies in Mexico, the platform sends user applications directly to these institutions for approval based on their risk assessments. Coru has successfully raised a total of $11 million in funding over two rounds, with notable investors including QED Investors, Seaya Ventures, and Peter Thiel. Keywords: financial coaching, financial product aggregator, insurtech, personal finance, credit card comparison, auto insurance comparison, personal loans, financial wellness, fintech Mexico, AI financial advisor, financial literacy, B2C finance, debt management, savings tools, budgeting assistance, credit score improvement, loan comparison, insurance brokerage