Clara (company)
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2020 |
| Founders | Gerry Giacomán Colyer, Diego García Escobedo |
| Headquarters | |
| Products | Corporate credit cards, digital payment accounts, expense management software |
Clara is a financial technology company headquartered in São Paulo, Brazil. It provides corporate credit cards, digital payment accounts, and expense management software for businesses in Latin America.[1][2][3]
Overview
Clara was founded in 2020 in Mexico City by Gerry Giacomán Colyer and Diego García Escobedo.[4] The company expanded to Brazil and Colombia in 2021, offering financial management tools to corporate clients across the region.[5]
Its services include physical and virtual corporate cards, bill payments, reimbursements, and digital accounts integrated with expense management software.[6]
Funding and expansion
In 2021, Clara raised a total of US$100 million across its Series A and Series B funding rounds, reaching a valuation of approximately US$1 billion.[7] In 2022, it secured a US$150 million credit line from Goldman Sachs.[8]
In 2023, the company raised an additional US$60 million in an extension of its Series B round led by GGV Capital.[9] The same year, Clara moved its headquarters to Brazil after receiving authorization from the Central Bank of Brazil to operate as a payment institution.[10]
In 2025, the company raised a further US$80 million to support its expansion across Latin America.[11]
See also
- List of unicorn startup companies
- Financial technology in Latin America
References
- ^ "Fintech Clara launches payment account in Brazil eyeing $1 billion in transactions". Reuters. November 28, 2023. Retrieved July 17, 2025.
- ^ "Fintech Clara levanta US$ 80 milhões para crescer na América Latina". Valor Econômico (in Brazilian Portuguese). April 29, 2025. Retrieved July 24, 2025.
- ^ "Fintech Clara muda sede para o Brasil após receber licença do BC". UOL (in Brazilian Portuguese). Retrieved July 24, 2025.
- ^ "Fintech mexicana Clara chega oficialmente ao Brasil". Forbes Brasil (in Brazilian Portuguese). December 6, 2021. Retrieved July 17, 2025.
- ^ "Mexican corporate card provider Clara to expand to Colombia". Reuters. March 24, 2022. Retrieved July 24, 2025.
- ^ "Fintech Clara launches payment account in Brazil". Fintech Nexus. December 12, 2023. Retrieved July 17, 2025.
- ^ "Brazilian Fintech Clara Is Back in the Market Raising Venture Funds". Yahoo Finance. Retrieved July 17, 2025.
- ^ "Clara obtains a US$150 million credit line from Goldman Sachs". El Economista (in Spanish). August 8, 2022. Retrieved July 24, 2025.
- ^ "Spend management firm Clara secures $60M amid rapid transaction growth in LatAm". TechCrunch. April 26, 2023. Retrieved July 17, 2025.
- ^ Araujo, Gabriel (August 9, 2023). "Clara moves headquarters to Brazil as 'payment institution' license secured". Reuters. Retrieved July 17, 2025.
- ^ "Fintech Clara capta US$ 80 milhões para impulsionar crescimento na América Latina". Valor Econômico (in Brazilian Portuguese). April 29, 2025. Retrieved July 17, 2025.