Clara, Mastercard and Guadalajara Chamber of Commerce Form Alliance to Boost Credit for Regional Businesses

Mexico City, February 28, 2021 - With the goal of continuing to promote the region's economic development and containing the closure of small and medium-sized businesses, Clara, the Latin American startup offering a business spend management solution, Mastercard, one of the most important companies in the financial services industry and the Guadalajara Chamber of Commerce have formed a strategic alliance that will allow businesses in Jalisco to maintain operations through digital, modern and agile products.

“We know firsthand that one of the main problems in keeping a company afloat is the lack of agile and simple technological tools that allow better resource management, and that is why today Clara is available for any type of company in Mexico and the rest of Latin America,” said Gerry Giacomán Colyer, CEO and co-founder of Clara. “Through this alliance, we will be putting within reach of businesses in the region a corporate credit card backed by Mastercard, accompanied by a spend management platform that includes payments and SPEI transfers,” said the executive.

According to Raúl Uranga Lamadrid, President of the Guadalajara Chamber of Commerce, “the health emergency has led six out of ten businesses to make the leap to digitalization, so making this type of product available will benefit all those SMEs that have not been able to complete their transition to the digital environment and will gradually incorporate technological tools that allow their businesses to grow.”

As part of the benefits of this alliance, companies that purchase or renew Platinum or Black memberships and carry out their first transaction with their Clara Business card will receive MXN$7,750 in cashback. In addition, Clara will offer preferential credit lines through a digital registration and fast approval processes, as well as executives who will provide personalized attention to each of the Chamber of Commerce's member companies.

The Guadalajara Chamber of Commerce currently represents around 30,000 companies and offers benefits ranging from support with procedures and paperwork, tax, legal and labor advisory services, a job board, business networks and networking, technological support, and constant updates to boost the growth of businesses in Jalisco. Companies interested in joining and benefiting from this alliance can register at clara.com/camaragdl.

About Clara

Clara is the Latin American startup offering the most complete business spend management solution. Through a corporate credit card, an expense control system and a payments and transfers product, Clara allows ventures in the region to grow better while keeping control of their finances.

Founded in 2020 by entrepreneurs Diego García and Gerry Giacomán Colyer, the company has become the youngest and fastest unicorn in the region, raising more than US$100 million in total with the backing of international funds such as Coatue, DST Global Partners, monashees, Kaszek Ventures and General Catalyst, among other funds and dozens of angel investors.

To learn more about Clara, visit clara.com

About Mastercard (NYSE: MA)

Mastercard is a technology company in the global payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient drives our culture and everything we do inside and outside our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

www.mastercard.com

About the Guadalajara Chamber of Commerce

The Guadalajara Chamber of Commerce is the most emblematic business organization in the Western region and a strategic player in Jalisco's economic development. It represents and promotes commerce, services and tourism companies, the most dynamic and fastest-growing sectors of the economy. Its network of influence extends across four areas of the state: Guadalajara's Historic Center, Tlajomulco, Zona Agavera and Chapala.

The Chamber was founded in 1888 and is close to reaching 134 years. It has business communities such as the Specialized Sections, 40 clusters organized to strengthen its sectors; the Business Network, through which companies can find allies, mentors, suppliers, customers, collaborators and friends. It has a Business Training Center, the Innovation Room, a coworking space and GoAction, a site to develop audiovisual projects, as well as spaces for work meetings and events in its Business Center.

To learn more about the Chamber of Commerce, visit www.camaradecomerciogdl.mx