Fintech startup Clara becomes Mexico’s fifth unicorn

Clara, which offers corporate credit cards and expense management resources, has seen unprecedented development. They have grown 2x monthly by relying on allies such as Mastercard. Less than a year after their foundation, they have joined other Mexican companies that became unicorns in 2021: Clip, Bitso, Konfío, and Kavak. With this financing round, Clara announced their expansion to Brazil. They already have 40 employees and 100 customers there, including Kavak. The South American country is the leader in terms of fintech companies, both in money invested and amount of companies, so the Mexican startup will reach a key market. However, Gerry Giacoman, Clara’s cofounder and CEO, has stated that Clara still has a lot of opportunity to offer its services to different companies.

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