The Mexican corporate expense management company Clara has raised a $60 million round led by GGV Capital and instated Hans Tung, GGV’s managing partner, on its Board of Directors.
Clara will use the funds to develop its digital payments and expense management platforms and strengthen its market leadership.
In just two years of operations in Latin America, Clara has secured $160M in equity financing and processed more than $5M in credit card transactions amounting to $1B at an annualized rate.
As of now, they collaborate with nearly 10,000 businesses in Latin America that rely on Clara’s suite of products to streamline and automate their daily operations.
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