LatAm corporate spend-management startup Clara raises $3.5M, comes out of stealth

11 Mar, 2021

LatAm corporate spend-management startup Clara raises $3.5M, comes out of stealth
Photo by Samson on Unsplash

– Clara, a corporate spend-management startup focused on the Latin American market, announced its product launch and a $3.5m pre-seed round led by General Catalyst.
– The company’s funding caught TechCrunch’s eye as there has been a flurry of funding for related companies serving the United States market.
– Clara is in the first camp, making its revenues today from interchange incomes.
– The Mexican interchange market is more akin to the United States’ own (lucrative) than Europe’s own (less lucrative), meaning that if the company can sign up a host of customers for its free service — empieza hoy – sin costo, its website intones — it could post the same sort of revenue growth that has spurred some of its American comps to huge venture capital raises.

Financial Services North America
Crunchbase icon

Content report

The following text will be sent to our editors: