Clara secures $150m debt financing

Clara, a Mexican fintech startup that serves Latin American businesses with its corporate spend management solutions, has acquired a $150 million loan facility from Goldman Sachs.

The company claims that the debt financing will support the expansion of its lending activities throughout Latin America. Clara offers companies solutions for accounts payables, short-term finance, and corporate cards. Clara was established in 2020 and has its headquarters in Mexico City.

The business states that it currently works with more than 5,000 businesses in Mexico, Brazil, and Colombia, and it hopes to double that number by the end of the year. According to Clara’s CEO and co-founder Gerry Giacomán Colyer, the funding will “fuel our planned regional growth.”

André Henrique Santoro has also been hired by Clara as the company’s new CRO. He has over 15 years of experience in risk management, having previously held positions at CitiBank and RappiBank Brazil.

Clara attained unicorn status in December 2021 after securing $70 million in a Series B fundraising round.