Clara Announces Opening of Offices in Monterrey and Continues to Consolidate Its International Payments Product

San Pedro Garza García, September 25, 2023 - At the event “Technology in Favor of Business Expansion in Mexico,” held last Thursday, September 21, in the city of San Pedro, Nuevo León, Clara, the leading solution for companies to make and manage all their payments, announced the opening of its new offices in the city with the intention of bringing its technology solution closer to the more than 75,000 companies present in the state.

During the event organized by Clara in collaboration with Invest Monterrey, nearshoring also positioned itself as one of the central topics.

Héctor Tijerina, Executive Director of Invest Monterrey, noted that the relocation of operations has represented a great opportunity for economic growth for Nuevo León, as it has allowed the state to position itself as the first entity with the highest foreign direct investment, reporting more than US$64 million in investment at the close of 2022, with the manufacturing sector being the main beneficiary. According to the executive, nearshoring also represents an opportunity for Mexico to get involved in industries that are developing in first-world countries and that are also accelerating their economic growth. Finally, he highlighted that Mexico has positioned itself as the United States' first trading partner for the first time in history, while China has become Mexico's first partner.

Gerry Giacomán Colyer, co-founder and CEO of Clara, who is also part of the Endeavor entrepreneur network, emphasized that given the recent wave of nearshoring in the region and to continue witnessing this rapid growth, it is necessary to bring agile financial and technology solutions that adapt to companies' international needs. That is why he made official the opening of its new offices in Monterrey, where a small group of people is already working, in addition to having several open vacancies to form a solid team that could reach 20 members by 2024.

Giacomán reinforced that the product Clara International Payments positions itself as an ally of Nuevo León's business ecosystem, since it simplifies the complexities and bureaucracy common to cross-border transactions, offering agility and transparent pricing. In addition, for the launch, the company offered its customers their first international payment of up to US$10 at no cost.

According to the executive, “Clara's solution consolidates itself as the payments ecosystem and all-in-one platform so companies can operate with financial clarity and agility to continue their growth or establish operations in the region”

About Clara

Clara is the leading Latin American solution for companies to make and manage all their payments. Clara's platform includes corporate credit cards, bill payments and real-time spend management software.

Founded in 2021, Clara operates in Brazil, Colombia and Mexico. As a Latin American multinational, Clara has secured investments from some of the region's most strategic capital funds, such as monashees, Kaszek and Canary, as well as global investors such as GGV, Coatue, DST Global Partners, ICONIQ Growth, General Catalyst and Goldman Sachs.

Clara's mission is to empower companies to operate with agility and clarity, helping them become more efficient and less bureaucratic through a platform that supports all payment methods integrated into its innovative spend management platform.

To learn more about Clara's products and solutions, visit clara.com.

About Invest Monterrey

Invest Monterrey is the investment promotion agency of the State of Nuevo León. It is a non-profit civil association that brings together organizations from the private, public and academic sectors, dedicated to fostering the creation of business opportunities for small, medium and large companies established in Nuevo León by attracting productive investment. The association promotes Nuevo León's business ecosystem nationally and internationally under the ‘Monterrey’ brand, positioning it as the ideal destination to invest and do business.