Clara, a Brazilian spend management company, closed on $60 million in equity in a round led by GGV Capital.
The company launched its product in 2021 and provides reporting software for better financial decision-making, locally issued corporate cards, bill pay and financing solutions. It also continues to prove rapid growth. In addition, the company partners with financial institutions to provide additional lending capabilities.
Clara is working with 10,000 companies across Latin America, notably in Brazil, Mexico and Colombia, and reports an annual run rate of 5 million credit card transactions, which is equivalent to $1 billion, Gerry Giacomán Colyer, Clara’s co-founder and CEO, told TechCrunch.
TechCrunch reported on Clara in March 2021 about the launch and its $3.5 m...
