Clara

Clara

Spend management platform with corporate cards

Overview

Clara provides a spend management platform and related financial services to Latin American businesses. It helps companies track, control, and optimize expenses through its core spend management software. In addition, Clara issues locally-issued corporate cards, offers Bill Pay to simplify paying bills, and provides financing options to support growth. The business model combines subscription fees for the platform with transaction-based revenue from card usage, payments, and financing. Clara differentiates itself by focusing on the Latin American market, delivering integrated tools within one ecosystem (spend management, corporate cards, bill pay, and financing) tailored to local needs, and by emphasizing core values like ownership, clarity, simplicity, and inclusivity. Its goal is to enable businesses in the region to gain financial clarity and agility, helping them manage spending efficiently and access growth capital.

About Clara

Simplify's Rating
Why Clara is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$574.5M

Headquarters

Mexico City, Mexico

Founded

2020

People at Clara

People at Clara who can refer or advise you

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Simplify's Take

What believers are saying

  • Clara secured $150M from Goldman Sachs to double lending coverage in Mexico and enter Peru and Chile.
  • Clara launched Clara Travel Pay with virtual cards and centralized accounts, leveraging R$4B prior travel volume.
  • Clara aims for global profitability by end of 2025 after raising $80M from Citi, with no near-term funding needed.

What critics are saying

  • BCB Resolution 518 will force Brazil account closures for third-party payments by Dec 2025, triggering penalties and product rework.
  • Goldman Sachs credit line requires 10-year LGPD data retention and real-time COAF reporting; failure halts funding across three countries.
  • Clara’s stablecoin product with Bitso conflicts with BCB Resolution 522, forcing abandonment of crypto vertical within 6 months of launch.

What makes Clara unique

  • Clara is a spend management platform with AI-driven agentic payments and cross-border tools for Latin America.
  • Clara offers integrated corporate cards, bill pay, financing, and stablecoin-backed B2B payments across Mexico, Brazil, and Colombia.
  • Clara targets mid-market and enterprise segments with AI-built global services and a digital account yielding 110% CDI in Brazil.

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Funding

Total Funding

$574.5M

Above

Industry Average

Funded Over

11 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Unlimited Paid Time Off

Hybrid Work Options

Professional Development Budget

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
Startups.com.br
May 22nd, 2026
Clara strengthens Brazilian operations with two new female leaders.

Clara strengthens Brazilian operations with two new female leaders. The hires come with the mission of building the structures that will sustain Clara's next phase of growth in the country. 22/05/2026 11:20 Clara, the leading corporate payment and expense management solution in Latin America, announces the hiring of two senior executives for its Brazilian operations: Mariana Cardarelli takes on the role of Head of Regulatory Affairs and Bruna Miguel as Head of Customer Success (CSM), responsible for client relations. Mariana Cardarelli joins Clara after a stint at RecargaPay, where she worked for three years as Executive Manager of Compliance, Privacy and Data Protection, also serving as DPO (Data Protection Officer). In that position, she led the structuring of the LGPD compliance program, data governance and the implementation of artificial intelligence frameworks aligned with ethical and regulatory standards. Before that, she was Head of Legal, Compliance and DPO at BT Créditos. At Clara, Mariana takes charge of the regulatory area in the country with the challenge of navigating an increasingly complex ecosystem. Bruna Miguel, meanwhile, brings over a decade of experience in the financial sector, with stints at institutions such as Banco BV, Getnet, Itaú Unibanco and Santander. At Banco BV, she held commercial leadership positions in Cash Management, Banking as a Service and the Bankly platform, leading negotiations with large corporate accounts and leading multidisciplinary sales and customer success teams. She also worked at Fintech Magalu, where she structured B2B customer segmentation and led Key Accounts projects. At Clara, Bruna takes on strategic client management, ensuring retention, expansion and excellence in the platform experience. The hires are part of a deliberate move by Clara to bring in leaders capable of sustaining the company's expansion pace in Brazil. The fintech has significantly expanded its product range, incorporating solutions based on artificial intelligence, such as integrations via MCP (Model Context Protocol), agentic payments and automated financial analysis tools, in addition to a digital account with a complete structure for supplier automation and accounts payable. With the sophistication of the portfolio, the regulatory complexity also grows, as does the need for key client management that keeps pace with the adoption of these new solutions. It is exactly at this intersection that Mariana and Bruna come in: the first to continue evolving the legal and regulatory architecture in this expansion context, the second to ensure that the largest clients extract real value from the new products. 'We have prioritized people with a builder profile, who come to build frameworks, not just operate existing ones. Mariana and Bruna have this mindset. Inclusivity is one of our core values, and having women build the structures that will redefine corporate financial management in Latin America is a direct reflection of how we think about growth', says Gerry Giacomán Colyer, co-founder and CEO of Clara. Startups is part of the routine of more than 30 thousand decision-makers. Are you going to miss out?

Startups.com.br
Jun 18th, 2025
Clara launches travel payments vertical, $80M funding

Clara, after raising $80 million, has launched Clara Travel Pay, a new vertical for managing corporate travel payments. This service includes over 700 specialized agencies, with 8 of the top 10 in Brazil. The fintech aims to be a strategic partner for companies in travel expense management. Clara Travel Pay features Virtual Card Numbers and a Centralized Travel Account, enhancing transaction traceability and data reconciliation. Prior to launch, Clara handled over R$4 billion in travel transactions.

Galileo Financial Technologies
Jun 18th, 2025
How Smart Fleet Cards Can Fuel Customer Loyalty in LatAm

For example, payment platform Clara recently launched a fleet and fuel Mastercard to help businesses simplify fuel expense management.

Gazeta da Semana
May 31st, 2025
Clara raises $80M for Latin America expansion

Clara, a leading corporate expense management solution in Latin America, raised $80 million in equity and growth funding to boost marketing and sales in key markets like Brazil, Mexico, and Colombia. The funding includes participation from investors such as Acrew Capital and General Catalyst. Clara aims to expand its sales team and enhance its presence in mid-market and enterprise segments, while nearing profitability in Brazil and Mexico.

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