Clara operates as an end-to-end business spend management platform. Its solutions include a corporate credit card, bill payments, an expense management system, and more. The company was founded in 2020 and is based in Mexico City, Mexico.
Clara's Product Videos
Clara's Products & Differentiators
Clara-issued charge card (have premium, business, and virtual offerings)
Research containing Clara
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Clara in 3 CB Insights research briefs, most recently on Oct 5, 2023.
Expert Collections containing Clara
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Clara is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Latest Clara News
Aug 22, 2023
Shreyashi Chakraborty / Representational image.Pixabay. Latin American fintech company Clara is debuting its cross-border transactional services in its home country of Mexico, paving the way for smoother international fund transfers. The corporate card provider has also set its sight on Colombia and Brazil as part of its expansion plan, it told Reuters . However, the company didn't specify a timeframe. Clara said it expects $100 million in payments facilitated through the service by year-end. With the service, Clara's valued customers can easily pay their bills using different foreign currencies. Customers will pay in pesos in Mexico, whilst the recipient will receive the payment in the currency of their chosen destination. The company's move into Mexico is tied to the U.S. government's push for a nearshoring ecosystem, backed by President Joe Biden's call for industry collaboration in Central America to drive mutual growth. The nearshoring efforts led to clients seeking services and materials from various global locations, which necessitated transactions in multiple currencies, prompting Clara to announce its service. Clara had earlier announced the relocation of its headquarters to Brazil, betting on the South American country becoming its largest market by 2024. © 2023 Latin Times. All rights reserved. Do not reproduce without permission. Tags:
Clara Frequently Asked Questions (FAQ)
When was Clara founded?
Clara was founded in 2020.
Where is Clara's headquarters?
Clara's headquarters is located at Avenue Sonora 46 Piso, Mexico City.
What is Clara's latest funding round?
Clara's latest funding round is Series B - III.
How much did Clara raise?
Clara raised a total of $470M.
Who are the investors of Clara?
Investors of Clara include General Catalyst, DST Global, Picus Capital, Monashees+, Alter Global and 30 more.
Who are Clara's competitors?
Competitors of Clara include Tribal Credit, delt.ai, Jeeves, Torpago, Mendel and 7 more.
What products does Clara offer?
Clara's products include Card and 2 more.
Who are Clara's customers?
Customers of Clara include Banco Sabadell, Enseña por México, OnFly and Gulf.
Compare Clara to Competitors
Tribal Credit operates as a financial solutions company operating in the business services sector. It provides corporate cards and financial tools designed to manage expenses. Its tools include features for controlling spending, managing international transactions, and handling online advertising and digital subscriptions. It was formerly known as Aingel. The company was founded in 2016 and is based in San Jose, California.
Ramp focuses on finance operations. The company offers a range of services including corporate cards, expense management, vendor management, and accounting automation, all designed to streamline and optimize finance operations. Ramp primarily serves businesses of all sizes, from startups to large enterprises, across various sectors. It was founded in 2019 and is based in New York, New York.
Brex operates as a financial solutions company. It offers a corporate credit card, expense management solutions, financial modeling, bill payment, business account, and more. The company provides its services to startups and scaling businesses. It was formerly known as Veyond. It was founded in 2017 and is based in San Francisco, California.
Payfy develops KM Online, a platform for expense management and mileage reimbursements for businesses. The solutions help in making spending decisions for companies. It offers company cards, reconciliations, refunds, expense reports, and simplified accounting. The company was founded in 2019 and is based in Santa Catarina, Brazil.
Jeeves specializes in financial technology solutions. The company offers a range of services including expense management, global accounts, accounts payable, and corporate cards. Its services allow businesses to control their expenses, manage multi-currency business accounts, send cross-border payments, and issue both physical and virtual corporate cards. It was founded in 2019 and is based in Orlando, Florida.
Mendel offers business-to-business (B2B) debit/credit cards and a corporate expense management platform. It offers automatic expense categorization, automatic invoice recovery, reduces the risk of fraud, and more. The company was founded in 2021 and is based in Mexico City, Mexico.