Clara company profile: valuation, funding & revenue

This Clara company profile covers the company's valuation, revenue, funding rounds, investors and history. Clara works in fintech, with a focus on corporate cards and spend management for Latin America. It was founded in 2020 and is headquartered in Mexico City, Mexico. Its latest valuation on record is US$1 billion (December 2021). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Clara timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2020 — Clara is founded in Mexico City by Gerry Giacomán Colyer (CEO) and co-founders.
• Dec 2021 — Series B: US$70M, valuing the company at US$1B. Investors: Coatue (lead).
• Apr 2023 — Series B extension: US$60M. Investors: GGV Capital (lead).

Investors

Overview

Clara gives companies in Latin America corporate cards and software to manage spending. Businesses issue physical and virtual cards to employees with individual limits, capture receipts automatically, pay suppliers, manage travel and subscriptions, and sync everything with their accounting systems, while local tax requirements such as Mexico's electronic invoices (CFDI) are handled within the platform. Clara has become one of Latin America's leading business fintechs and reached unicorn status less than two years after launching.

Gerry Giacomán Colyer, the CEO, founded Clara in Mexico City in 2020 with co-founders. The founders saw that Latin American companies lacked the kinds of modern corporate cards and expense tools that had become popular in the United States. Clara now operates in Mexico, Brazil and Colombia.

Products

• Corporate cards: Visa and Mastercard cards for employees, with controls by person, team and category.
• Expense management: automatic receipt and invoice capture, including integration with local electronic invoicing systems.
• Bill pay: paying suppliers from one platform.
• Credit: card credit lines based on a company's financial data rather than the personal guarantees and collateral traditional banks often require.
• Integrations: connections to accounting and ERP software used in the region.

Why Latin America needed new corporate cards

In much of Latin America, traditional banks have been slow to offer business credit cards to small and mid-sized companies, often requiring personal guarantees, collateral and lengthy paperwork. Expense management has been especially painful in Mexico, where companies must collect official electronic invoices for every purchase to deduct taxes; missing invoices mean lost deductions. Clara's combination of fast card approval, credit based on business data and automated invoice collection addressed real pain points, which helped it grow quickly among startups, mid-sized companies and multinationals' local subsidiaries.

Funding

Clara raised early funding from investors including DST Global, General Catalyst, Monashees and ACE Capital. In December 2021 it raised a US$70 million Series B led by Coatue at a US$1 billion valuation, becoming a unicorn within about 18 months of launch. In April 2023 it raised US$60 million more, led by GGV Capital, without disclosing a new valuation. It has also raised debt facilities to fund the credit it extends to customers. A 2025 report described an additional US$80 million of equity and debt financing; we haven't confirmed its terms, so the data above uses the 2021 valuation.

Business model

Clara earns most of its revenue from interchange fees when cards are used, plus software subscription fees for advanced features and income from credit and payment services. Because it extends credit, it must manage default risk carefully and needs debt funding to grow its lending. The company doesn't publish revenue, so we show it as not disclosed.

Competition

Clara competes with traditional banks' corporate card programmes, Latin American fintechs such as Brazil's Cora and Conta Simples, and expense software providers. US companies like Ramp and Brex focus mainly on the US, though multinational customers sometimes compare them. Clara's advantages are its local licences and partnerships, its handling of local tax requirements and its regional brand.

Clara at a glance

Clara is a Mexico City fintech founded in 2020 by Gerry Giacomán Colyer and co-founders. It provides corporate cards, expense management and supplier payments in Mexico, Brazil and Colombia. It raised a US$70 million Series B led by Coatue at a US$1 billion valuation in December 2021 and US$60 million more in 2023, led by GGV Capital.

Mexico's fintech scene

Mexico has become one of Latin America's largest fintech markets, driven by a large population with limited access to banking, high smartphone use and a 2018 fintech law that created licensing frameworks for new players. Companies in payments, lending, digital banking and business finance have attracted significant investment, and global players such as Nubank, Revolut and Mercado Pago compete for consumers. Business fintech, including Clara, has benefited as companies digitise their finances.

Credit risk in business cards

Corporate card companies effectively lend to their customers between the time employees spend and the time the company pays its bill. In volatile economies, rising interest rates or a slowdown can increase defaults. Card companies rely on real-time data from customers' bank accounts and accounting systems to adjust limits quickly. Managing this risk well is central to profitability, and investors watch credit losses closely.

Questions for finance teams in Latin America

• How does the platform handle local electronic invoices and tax deductions?
• What credit limits are available, and on what basis?
• Which currencies and countries are supported for multinational operations?
• What are the fees for foreign transactions and premium features?

Who uses Clara

Clara's customers range from venture-backed startups and fast-growing mid-sized companies to large corporations and local subsidiaries of multinationals. Typical users have many employees who spend money on behalf of the company, such as sales teams, field staff and operations managers, and finance teams that struggle to collect invoices and reconcile spending at month end. For these companies, replacing reimbursements and shared cards with individual corporate cards gives better control, and automatic invoice collection can recover tax deductions that were previously lost.

Expanding into Brazil and Colombia

Brazil is Latin America's largest economy and its most competitive fintech market, with large digital banks and a sophisticated payments system built around Pix. Colombia is smaller but growing quickly. Entering each country requires local licences or partners, local card issuing and adapting to different tax and invoicing systems. Success outside Mexico would turn Clara from a national player into a regional platform, which is central to justifying a higher valuation in future.

Timeline

• 2020: Clara is founded in Mexico City and launches corporate cards for Mexican businesses.
• 2021: raises seed and Series A funding, then a US$70 million Series B led by Coatue at a US$1 billion valuation in December, becoming a unicorn about 18 months after launch.
• 2022: expands into Brazil and Colombia and adds debt facilities to fund customer credit lines.
• 2023: raises US$60 million led by GGV Capital, without disclosing a new valuation.
• 2025: reported to raise further equity and debt to strengthen its position in its three markets.

Latest developments (October 2026)

Clara has not announced new equity since earlier rounds that kept it at a unicorn valuation of about US$1 billion. It has used debt to fund card lending, including US$70 million of structured credit from BBVA Spark, Covalto and the International Finance Corporation, according to LatamList. It received authorisation to operate as a regulated lender (sofom) in Mexico in 2025 and serves about 20,000 companies across Mexico, Colombia and Brazil.

What to watch

Watch Brazilian and Colombian growth, new funding or a valuation update, expansion of credit and payments products and competition from banks and digital players.

Takeaways

Latin American companies can get modern corporate cards and automated tax invoice collection. Founders can see how localising a proven US model can work in new markets. Investors should note that its unicorn valuation dates from 2021.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Fintech Futures
2. Hey Future Nexus