Clara Celebrates Three Years of Operations in Mexico with Over USD 2 Billion in Payments

Mexico City, March 26, 2024.- Clara, the leading solution for companies to make and manage all their payments, celebrates its third anniversary since launching its first product in Mexico. During this period, it has helped more than 13,000 companies in Latin America operate with greater agility and financial clarity.

Founded by Gerry Giacomán Colyer and Diego García, Clara has built an all-in-one payments technology platform over the past three years through which clients can use credit or their own funds to make domestic and international payments, access AI-powered expense insights and use automatic invoice reconciliation that replaces manual reimbursement processes.

Continuing a growth rate of more than 10x year over year, Clara is backed by some of the most important international funds, including GGV Capital, Coatue, General Catalyst and DST Partners, as well as regional investors such as monashees, Kaszek and Canary. The company is the largest issuer of technology-enabled commercial cards in Latin America and is close to becoming one of the two largest issuers of commercial cards of any kind in Mexico.

In addition to expanding its offering, Clara’s portfolio includes companies such as SmartFit, Toyota and Hilton, and it has strengthened its presence in Mexico through strategic alliances with industry leaders such as Sabadell, Banca Afirme and Deloitte, extending its reach to corporate and mid-sized companies across sectors. In line with its consolidation strategy, Clara recently appointed Leonardo Ramos as Country Manager to lead its operations in Mexico and Colombia, reinforcing its position as the fastest-growing corporate credit card solution in the region and the second largest in the country.

“We are evolving from a startup into a consolidated, enduring company that maintains its agility and investment in our product. Thanks to a robust business model, Clara has established itself as one of the most relevant innovators in the ecosystem. We are proud to be the financial ally of growing companies, offering products tailored to their needs and improving their competitiveness,” said Gerry Giacomán Colyer, CEO and co-founder.

The company has been recognized as one of the best places to work by Great Place to Work, one of the most promising companies in Latin America for three consecutive years according to LinkedIn, and was recently named one of the best companies for female talent in the latest Employers for Youth study.

“At Clara we are excited about our upcoming plans in the country and convinced they will mark a milestone for the company. For 2024, our goal is to triple transaction volume in Mexico compared with the previous year. We are excited about expanding our product portfolio, which will help us achieve our goal of becoming the preferred platform for business transactions in Latin America,” the executive concluded.