Mexican Fintech Clara Plans to Boost Footprint in Colombia With $90M Debt Financing

The Mexico City-based fintech known as Clara has attained a great deal in its three short years of doing business. Clara’s offerings in bill pay, financing, and corporate card management brought it unicorn status in 2021, and last year the company began to build into the fertile fintech market of Colombia. By mid-March of this year, Clara is even better positioned to expand that foothold in Colombia following its agreement with Accial Capital for up to $90 million in debt financing.

Clara’s Regional Director in Colombia, Leonardo Ramos, situates the new funding as necessary for meeting the needs of users across the region. “This funding will allow us to keep consolidating our products so that they can continue to respond to the financial and technological needs of companies in Colombia and Latin America,” Ramos said in a press release on the debt financing agreement.

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In a financial landscape that demands rapid expansion for survival, Clara’s move into Colombia is widely seen as a savvy one. “Our new offices in Medellin will be key to attracting the best local talent and building up our team,” Ramos continued. “Our main goal is to meet the real needs of Colombian companies and to keep establishing the country as a technological hub in the region.”