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Clara

Can a single platform become the financial OS for Latin America's mid-market by owning corporate cards, AP, financing, and cross-border payments across Mexico, Brazil, and Colombia?

Founded2020
HQMexico City, Mexico (with offices in São Paulo, Brazil)
FoundersGerry Giacomán Colyer
Total raised$200M+ equity plus debt facilities
Latest round$80M expansion + growth funding (April 2025)
IndustryFintech / SMB banking
The story

Founded 2020 in Mexico City as a LatAm answer to Brex/Ramp — corporate credit cards plus spend management for the region's underserved SMB and mid-market segments. Built local card-issuing and payment-institution infrastructure rather than depending on US BaaS rails, registering as a Brazilian payment institution (Clara Instituição de Pagamento Ltda.) and Colombian entity (CF Tech Colombia). Has progressively layered on accounts payable financing, international payments to 40+ countries, and developer APIs to evolve from a card product into the spend operating system for LatAm finance teams.

Last 12 months
2025-04
2024-05
Product timeline
2020
Clara founded in Mexico City as corporate spend management platform for LatAm.· pivot
2021
Launched corporate credit card and spend management product; raised pre-seed, seed, and Series A extension.· card
2023
Reached 10,000 companies across Brazil, Mexico, Colombia; $1B annual run rate in card transactions; $60M Series B led by GGV.· card
2024
Achieved PCI DSS certification — first LatAm corporate-card startup to do so.· banking
2025
Raised $80M expansion to accelerate Brazil and LatAm growth; named FT's fastest-growing company in Latin America.· banking
Regulated entities
Instituição de Pagamento (Payment Institution)
Brazil
Clara Instituição de Pagamento Ltda.
Data Controller / Local Entity
Colombia
CF Tech Colombia S.A.S.
The stack
Payments / PSP
Clara Corporate Cards (self-operated)Clara TravelPay (self-operated)Click to Pay / EMVCo (Visa/Mastercard networks)
Lending
Clara credit line (revolving)Accounts Payable financing (up to 40 days)Vendor payment financing for domestic and international invoices
Accounting
SAPOracleCustom ERP via REST APIOpen API
Accounting gap: minor