MEXICO CITY: Latin American financial technology company Clara has raised $105 million in fresh funding as it looks to accelerate business expansion, strengthen its artificial intelligence capabilities and increase its presence across the corporate payments market.

The latest fundraising marks an important milestone for the fintech company, which has been expanding its digital financial services across major Latin American economies.

According to reports published on November 10, 2026, the funding package consists of a $65 million Series C investment round and a renewed $40 million financing facility from General Catalyst’s Customer Value Fund.

The investment comes as Clara reports reaching $100 million in annualised net revenue, demonstrating growing demand for digital financial management solutions among businesses.

$105 Million Funding Package

Clara’s latest fundraising combines equity investment with additional financing support.

The $65 million Series C round was led by Citius, Kaszek and DEG, a subsidiary of Germany’s KfW Group.

Several existing investors also participated, including Acrew Capital, Citi Ventures, Coatue, Commerce Ventures, DST Global Partners, Gaingels, General Catalyst, Monashees and Notable Capital.

New investors CMT Digital, Nascent VC and Michael Gilroy also joined the round.

The additional $40 million financing facility comes through General Catalyst’s Customer Value Fund, providing further financial support for the company’s expansion plans.

AI and Automation at the Centre of Growth Strategy

Clara plans to direct a significant portion of its newly secured capital towards artificial intelligence and automation.

The company wants to develop smarter financial tools that can help businesses manage payments, monitor corporate spending and reduce manual administrative work.

Its existing platform already offers automated expense management, corporate payment cards and financial controls.

AI-powered capabilities are also being integrated into business payment processes, including automated payments and spending verification against company policies.

The company believes these technologies can help finance departments operate more efficiently while giving businesses better control over their financial activities.

Serving 45,000 Businesses Across Latin America

Clara has expanded its customer base to approximately 45,000 businesses, reflecting increasing demand for technology-driven corporate financial services.

The company initially focused on corporate credit cards and expense management but has gradually developed a broader financial technology platform.

Its services now cover several business requirements, including payment management, corporate spending controls and financial automation.

Reaching $100 million in annualised net revenue represents another significant achievement for the company as it moves into its next stage of development.

Brazil Remains a Major Growth Market

Brazil is expected to remain an important market for Clara’s expansion strategy.

The company plans to strengthen its commercial presence and reach more businesses outside major financial centres such as São Paulo and Rio de Janeiro.

It is also looking to expand products such as Clara Veículos, which focuses on fuel-related payments, and TravelPay, designed for corporate travel expenses.

The company has also recently started operations in Argentina as part of its wider international expansion strategy.

Competition in Latin America’s Fintech Industry

Latin America’s fintech sector has become increasingly competitive as companies develop digital alternatives to traditional banking and financial management services.

Businesses are showing greater interest in platforms that combine payments, expense tracking and financial reporting within a single system.

Clara’s strategy is to position itself as a comprehensive financial operations platform rather than simply a provider of corporate credit cards.

Its growing investment in AI could help differentiate its services as companies increasingly adopt automation across their financial departments.

What Comes Next for Clara?

Clara plans to use its latest funding to strengthen technology development, expand its sales operations and attract more corporate customers.

The company has also set an ambitious target for the Brazilian market, aiming to double its share of corporate credit card payment volume by 2027.

The latest fundraising demonstrates continued investor interest in Latin American fintech businesses that combine financial services with technology and automation.

As companies increasingly look for smarter ways to manage payments and expenses, Clara will be seeking to turn its latest investment into stronger market growth across the region.