Clara - Streamlining Corporate Expenses for Finance Teams in LatAm
Clara streamlines expense management for LatAm finance teams by offering corporate cards, bill pay, and real-time spend controls, transforming tedious approval processes into efficient operations while providing visibility across Mexico, Brazil, and Colombia.
Expense reports are where good companies lose time.
Clara gives finance teams in LatAm one place for corporate cards, bill pay, and real-time spend controls, so “who approved this” stops being a weekly fire drill.
The wedge is simple: issue local corporate cards (physical and virtual), plug into an expense platform, and sell to CFOs who need visibility across Mexico, Brazil, and Colombia.
They make money like the best spend players do: interchange on card volume, plus software revenue as companies grow into more controls, approvals, and payment workflows.
It’s also an underwriting and risk game, which is why Clara keeps adding financing lines alongside equity, including a $70M structured debt facility announced in November 2025 with BBVA Spark, Covalto, and IFC to scale Mexico and Colombia.
Founders Gerry Giacomán Colyer (CEO) and Diego García Escobedo started in Mexico in 2020, hit unicorn status fast, and kept stacking capital, including a $60M equity round in April 2023 led by GGV and an $80M equity and growth raise disclosed in April 2025.
Clara said it served 20,000+ clients and was processing about one transaction per second by April 2025, a good signal in a region where mid-market finance teams still live in spreadsheets and WhatsApp.
FinBox Solutions picked Clara today because spend management in LatAm is finally getting the combo that works: local issuance, tight controls, and distribution that looks more like enterprise SaaS than consumer fintech.
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If you run finance in LatAm, would you buy this as a pure SaaS tool, or only once the cards and credit line are bundled?
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