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Clara raises $3.5m in pre-Seed funding

Mexico City based corporate card and business spend management solution raised $3.5m in pre-Seed funding led by General Catalyst.

The co-founders want to bridge the gap in technology-enabled financial services that they found in Mexico. Colyer worked for G2 after a stint at Stanford, eventually moving back to Mexico and working on a micromobility startup called Uva Scooters. He discovered during the process that Mexican and other Latin American firms lacked some digital tools, like low- and zero-cost corporate spend software, to which American companies had ample access.

Tags

emerging markets, mexico, banking