To Boost Its Technology, Clara Becomes a SOFOM in Mexico

With this advancement, Clara will be able to offer its clients even more competitive solutions, including access to enhanced credit lines and greater tax advantages.

Mexico City, January 2025 — Clara, Latin America's leading solution for automating and managing corporate spend, announces its official authorization as a Sociedad Financiera de Objeto Múltiple (SOFOM) in Mexico. With this development, Clara will offer more competitive payment and financing solutions for its clients.

Clara currently provides payment and financing solutions that include corporate credit cards and the ability to finance SPEI or international payments using a unified credit line. As a SOFOM, the company is now registered with the National Commission for the Protection and Defense of Financial Services Users (CONDUSEF) and the National Banking and Securities Commission (CNBV), and has greater authority to raise financing from banks and traditional financial institutions with which it forms alliances.

"Our SOFOM license is not just a regulatory milestone; it's a strategic step toward offering more tailored financial solutions to businesses in Mexico," said Leonardo Ramos, Country Manager at Clara for Mexico and Colombia. "Our focus remains on being a technology company that integrates financial products into a single ecosystem to optimize corporate payment management."

This achievement strengthens Clara's collaboration with traditional financial institutions. The company is backed by and has received investment from global partners such as Goldman Sachs and Citi, and works with national banks that also use and recommend Clara's tools. Clara is currently in the process of closing new credit lines that will extend financing to its more than 10,000 client companies in Mexico.