Mexican fintech Clara raises $50 million to expand payment solutions in LatAm

Oluwajuwonlo Afolabi -

Clara, a Mexico financial technology startup that offers credit card and spend management for companies, has raised $50 million in debt financing from Goldman Sachs with the option to increase it to $150 million.

  • The fund will be used to improve its products and support its expansion plans, the startup claims.
  • Founded in 2020, Clara is a business credit card, payment solution, and expense tracking platform for businesses.
  • The startup currently operates in Mexico, Brazil, and Colombia with the aim to expand into new geographies.
  • It has raised investments from Coatue, General Catalyst, DST Global, Monashees, and Kaszek.