The Mexican-founded fintech is expanding corporate payments and expense management across Latin America while investing in AI-powered automation.
Clara announced a $105 million financing package on November 10, combining a $65 million Series C equity round with the renewal of a $40 million financing facility from General Catalyst's Customer Value Fund.
The equity financing was backed by Citius, Kaszek and DEG, alongside existing and new investors.
The distinction matters because the entire $105 million should not be classified as a new venture capital equity round.
Clara also reported exceeding $100 million in annualized net revenue and maintaining positive EBITDA for more than a year.
Building a Corporate Finance Platform
Co-founded by CEO Gerry Giacomán Colyer, Clara provides corporate cards, expense management and payment automation to businesses across Latin America.
Its platform allows finance teams to control employee spending, monitor transactions, manage approvals and consolidate financial information.
The company reports serving approximately 45,000 businesses.
Its next development priority is artificial intelligence.
Clara is building conversational financial tools that allow corporate users to analyze expenditure, generate reports and automate authorized payment workflows.
Expanding Across Brazil and Latin America
Part of the new financing will support commercial expansion in Brazil and investment in AI capabilities.
Corporate expense management remains a competitive market, with regional fintechs and global software providers fighting to become the primary financial platform for businesses.
Clara's reported annualized revenue and positive EBITDA are important indicators of operating scale.
Its next challenge is turning its existing customer relationships into broader adoption of automated financial workflows while maintaining sustainable growth.
Founder: Gerry Giacomán Colyer. Investors: Citius, Kaszek, DEG, General Catalyst, Coatue and others.