- Fintech processed $2 billion in payments
- Last year, the fintech landed in the challenging Brazilian market
Clara, the leading payment management platform for businesses, is celebrating its third anniversary in Mexico since the launch of its first product in the country.
During this period, more than 13,000 companies in Latin America have operated with this platform, reaching the impressive figure of $2 billion in processed payments.
Founded by Gerry Giacomán Colyer and Diego García, Clara has developed an all-in-one payment technology platform in the last three years. Through it, its customers can use credit or their funds to make national and international payments, obtain AI-driven spending information, and automate invoice reconciliation.
With the growth of more than 10 times a year, Clara has the backing of some of the most important international investment funds, such as GGV Capital, Coatue, General Catalyst, and DST Partners, as well as regional investors such as Monashees, Kaszek, and Canary. The company is the largest issuer of corporate technology cards in Latin America and is about to become one of the two main issuers of corporate cards of any kind in Mexico.
Expansion and strategic alliances
In addition to expanding its offerings, Clara’s client portfolio includes companies such as SmartFit, Toyota, and Hilton. The company has also strengthened its presence in Mexico through strategic alliances with industry leaders such as Sabadell, Banca Afirme, and Deloitte, thus extending its reach to corporate and mid-sized companies in various sectors.
In line with its consolidation strategy, Clara has recently appointed Leonardo Ramos as Country Manager to lead the company’s operations in Mexico and Colombia. This reinforces its position as the fastest-growing corporate credit card solution in the region and the second largest in the country.
“We are evolving from being a startup to becoming a consolidated and enduring company that maintains its agility and investment in our product,” said Gerry Giacomán Colyer, CEO and co-founder. “Thanks to a robust business model, Clara has established itself as one of the most relevant innovators in the ecosystem. We are proud to be financial allies of growing companies, offering products tailored to their needs and improving their competitiveness.”
The company has been recognized as one of the best places to work by A Great Place to Work, one of the most promising companies in Latin America for three consecutive years according to LinkedIn, and recently considered one of the best companies for female talent according to the latest study by Employers for Youth.
“At Clara we are excited about our next plans in the country and convinced that they will represent a milestone for the company,” concluded the executive. “By 2024, our goal is to triple the transaction volume in Mexico compared to the previous year. We are enthusiastic about the expansion of our product portfolio, which will contribute to achieving our goal of becoming the preferred platform for business transactions in Latin America.”
About Clara
Clara is a Mexican fintech company that offers an all-in-one payment platform for businesses. The company allows its customers to make national and international payments, obtain spending information, automate invoice reconciliation and access financial management tools. Clara has more than 13,000 customers in Latin America and is the largest issuer of corporate technology cards in the region.
