Just three months after starting operations, the startup Clara raised a series A financing round for $ 30 million, led by the fund DST Global, With Monashees Y Kaszek Ventures and that it is going to use its development and customer service teams to grow; as well as to start its expansion process to Brazil.
In accordance with Gerry Giacomán Colyer, founder and executive director of Clara, just a few months after starting operations in Mexico, the platform has grown its transaction volume by 100 times and has managed to reach a multitude of companies, such as the unicorn of the sale of pre-owned cars Kavak , the home delivery platform Cornershop, the property rental Casai and the Brazilian credit Creditas.
Clara is a startup dedicated to the management and administration of credit cards for companies and organizations. Your card Visa Business It is used so that a company can manage all the expenses of its workers through a platform and its most recent product
Just last March, Clara received an investment of 3.5 million dollars in a seed round led by General Catalyst, which also accompanies them in this new financing process.
According to Giacomán, the destination of the new round of financing for 30 million will be the recruitment of more people dedicated to the development of technology and product, to continue innovating their capacities; as well as growing the customer service team. In addition to starting the expansion process to Brazil, where it is already opening job vacancies.
Among the innovations that they are already generating for their products, largely thanks to the demands of their own customers, is the ability to have a platform that is capable of managing all the company’s expenses; be able to make bank payments through the application and connect to the SAT so that the expenses are directly linked to the corresponding invoices.
We know that the lack of good financial management is among the main reasons why a company fails and many companies are ready to reinvent themselves and adopt new ways of doing things. Always maintaining administration and control ”, said Giacomán in an interview.
Clara’s cards are accompanied by an application from where you can keep track of the cards and even create new virtual cards, add notes and invoices to expenses, as well as notifications of the use of the cards in real time. In addition, the company reported that it is in the process of closing a $ 50 million credit line from an as-yet undisclosed partner.
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