Mexican fintech Clara secures up to $90m in debt financing
Clara, a corporate spend management platform operating in Latin America, has secured a debt financing of up to $90 million from Accial Capital to strengthen its foothold in Colombia.
Clara began operations in Colombia less than a year ago. It now claims to have onboarded more than 1,300 clients and opened its second office in Medellin, alongside one in Bogota.
The fresh financing follows a $150 million debt facility from Goldman Sachs in August last year.
“This funding will allow us to keep consolidating our products so that they can continue to respond to the financial and technological needs of companies in Colombia and Latin America,” says Leonardo Ramos, regional director of Clara in Colombia.
“Additionally, our new offices in Medellin will be key to attracting the best local talent and building up our team. Our main goal is to meet the real needs of Colombian companies and to keep establishing the country as a technological hub in the region.”
Founded in 2020 and headquartered in Mexico City, Clara provides locally-issued corporate cards, bill pay, financing solutions and its software platform for businesses.
The firm achieved unicorn status in December 2021, after raising $70 million in a Series B equity funding round led by Coatue.