Clara Strengthening its Foothold in Colombia

Clara began operations in Colombia less than a year ago. It now claims to have onboarded more than 1,300 clients and opened its second office in Medellin, alongside one in Bogota.

The fresh financing follows a $150 million debt facility from Goldman Sachs in August last year.

The funding will allow to keep consolidating products so that they can continue to respond to the financial and technological needs of companies in Colombia and Latin America.

Main goal is to meet the real needs of Colombian companies and to keep establishing the country as a technological hub in the region.

Clara provides locally issued corporate cards, bill pay, financing solutions and its software platform for businesses.

The firm achieved unicorn status in December 2021, after raising $70 million in a Series B equity funding round led by Coatue.

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