Mexican fintech Clara renewed a $150M credit line with Goldman Sachs, increasing its total debt capacity to more than $250M.
Clara provides corporate spend management solutions across Latin America. Its products include corporate credit cards, bill payments, cross-border transactions, and Clara TravelPay, a platform that manages business travel end-to-end.
Clara will use the funds to expand its payment solutions portfolio and continue scaling products for mid-market and large enterprises. Previous backing from Goldman Sachs helped Clara shift its focus from small businesses to larger corporate clients.
Clara serves companies such as Smart Fit, Holcim, OCESA, Viva Aerobus, and the Mexican Stock Exchange. The startup recently announced a partnership with Mastercard and L’Oréal to launch co-branded corporate credit cards for beauty professionals and salons in Mexico.
Read more on Latamfintech
