Mexican start-up Clara lands $150m debt financing from Goldman Sachs

Mexican fintech start-up Clara, which offers corporate spend management solutions for companies in Latin America, has secured a $150 million debt facility from Goldman Sachs.

The firm says the debt financing will help boost its lending operations and accelerate its expansion throughout Latin America.

Founded in 2020 and headquartered in Mexico City, Clara provides accounts payables, short-term financing and corporate card solutions for businesses.

The company claims to work with over 5,000 companies across Mexico, Brazil and Colombia and says it aims to double this number by the end of the year.

Gerry Giacomán Colyer, Clara’s CEO and co-founder, says the financing will help “fuel our planned regional growth”.

Clara has also hired André Henrique Santoro as its new chief risk officer. He brings over 15 years of risk management experience to the start-up, having previously worked at CitiBank and RappiBank Brasil.

In December 2021, Clara hit unicorn status after raising $70 million in a Series B funding round.