Mexican Clara obtains credit line of 150 million dollars from Goldman Sachs

The “Unicorn” Mexican Claraa startup with a valuation of more than a billion dollars that offers corporate credit cards and expense management resources, secured $150 million in debt financing from Goldman Sachs, it said. Clara on Monday.

The funds will be used to develop the itechnological infrastructure de Clara and for ever larger lines of credit for her clients, she told Reuters the CEO of the company, Gerry Giacoman.

“More and more large companies are working with us, including some of the largest corporations operating in Latin America,” Giacoman said, noting that the Spanish bank Sabadell, the Mexican hotel chain RLH Properties and the airline Volaris were his clients.

For now, Clara is getting hundreds of new clients each week, Giacoman added.and now exceeds 6 thousand in the three countries in which it operates, Mexico, Brazil y Colombia.

The startup mexicana expects to reach 10,000 clients by the end of the year, Giacoman said, down from the previous goal of 15,000 given by when the company expanded to Colombia in March.

They also plan to expand their operations to Peru and Chile, according to the manager.

For Goldman Sachs, the line of debt given to Clara not your first foray into financing corporate credit card providers. Last year he contributed the same amount, 150 million dollars, to the American startup Ramp.

In December, Clara became the fastest company in Latin America to achieve unicorn statusjust eight months after starting operations.

IPM

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