Mexican fintech Clara secured $70M in structured debt. The financing consists of three credit lines from BBVA Spark, Covalto, and the International Finance Corporation (IFC). The announcement comes seven months after the company closed an $80M equity round in April.
Clara serves about 20,000 companies across Brazil, Mexico, and Colombia with financial automation tools, including corporate credit cards, invoice and bill management, international payments, and real-time spend-tracking software.
Clara will use the funds to grow its client base and meet rising demand from existing customers. BBVA Spark’s credit line will help scale Clara’s payment products in Colombia, while the IFC and Covalto facilities will support its expansion in Mexico.
Clara ranks among the top three issuers of corporate commercial cards in both Colombia and Mexico and aims to reach the top position by 2026.
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