Clara Raises US$80 Million to Expand in Latin America

Mexican fintech company Clara has raised US$80 million in a new funding round to support its expansion across Latin America, with a focus on Brazil, Mexico, and Colombia.

The round, which had not been previously disclosed, included both equity investment and growth financing. Structured as an extension of Clara’s earlier funding round, it drew participation from investors such as Acrew Capital, Alter Global, Citi Ventures, Citius, Coatue, and others. The growth financing portion was led by General Catalyst’s Customer Value Fund.

Clara, a corporate spend management platform, said the capital will be used to grow its commercial team and strengthen its market position among medium and large enterprises in the region. The company plans to consolidate its presence in key markets and drive adoption of its credit and payments platform.

“Clara has built what we consider to be a broad product platform already making an impact on tens of thousands of clients, and we believe it is positioned to serve hundreds of thousands more in the coming years,” said Harry Elliott, Partner, General Catalyst’s Customer Value Fund.

Gerry Giacoman Colyer, CEO, Clara, noted the company achieved monthly break-even in Brazil by the end of last year and is nearing the same milestone in Mexico, where it operates independently. He added that the funding will enable Clara to pursue growth more aggressively, including investments in artificial intelligence and hiring for sales and engineering roles.

Clara serves more than 20,000 clients across Latin America and processes approximately one transaction per second, according to company data. Founded in 2021, Clara has previously secured funding from regional firms such as Monashees, Kaszek Ventures, and Canary, as well as international investors including Notable Capital, DST Global, ICONIQ Growth, and Goldman Sachs. The company recently relocated its headquarters from Mexico to Brazil after obtaining a payments institution license in the country.