- Clara raised $105 million, comprising a $65 million Series C equity round and the renewal of a $40 million growth financing facility, bringing its total debt and equity funding to $838 million.
- Clara will use the funding to expand its market reach and enhance its AI capabilities, including its MCP integration that enables AI agents to access financial data and execute authorized transactions.
- The funding comes amid global growth in corporate card and spend management platforms, as providers expand beyond payments and expense tracking to offer integrated, AI-powered financial management tools.
Brazil-based spend management platform Clara raised $105 million this week. The round is comprised of $65 million in equity in a Series C round and the renewal of a $40 million growth financing facility from General Catalyst’s Customer Value Fund (CVF).
The $65 million Series C was anchored by Citius, Kaszek, and DEG, a subsidiary of Germany’s KfW Group. The round also attracted participation from 10 existing investors and three new investors, including CMT Digital and Nascent VC.
The latest investment brings Clara’s total debt and equity funding to $838 million, following several debt financing deals over the past year. In November 2025, Clara secured $70 million in structured debt financing from BBVA Spark, Covalto, and the International Finance Corporation (IFC). Three months later, the company renewed a $150 million credit facility with Goldman Sachs, bringing its total debt capacity to more than $250 million.
Clara will use today’s funding to expand its go-to-market team and strengthen the automation and AI capabilities of its platform. Clara was founded in 2020 and now helps more than 45,000 businesses automate routine work, control spending, and make better financial decisions. The company’s platform offers corporate cards, bill payments, spend management, accounts payable, and accounts receivable to help businesses make and manage payments. Along with the financing announcement, Clara said it has also surpassed $100 million in annualized net revenue and maintained positive EBITDA for more than a year.
Among Clara’s capabilities is its Model Context Protocol (MCP) integration, which connects the platform with AI agents to enable customers to access real-time spending reports and forecasts using natural language, as well as execute authorized transactions autonomously. The company also offers AI-powered policy enforcement that checks employee expenses against company policies in real time, global spend management tools that allow businesses to manage expenses across countries and currencies, and fleet management solutions that support fuel payments and vehicle operations.
“Clara exists to champion Latin American businesses, and we work tirelessly to give them the tools to compete and win on the global stage,” said Clara Co-Founder and CEO Gerry Giacomán Colyer. “The region has long been underserved by financial platforms designed for other markets. We’re combining AI with local expertise to solve challenges specific to doing business here and give our customers a distinct competitive edge.”
Clara’s latest funding comes as spend management platforms increasingly look beyond corporate cards and expense tracking. By combining payments, financial data, and AI-driven automation, Clara is positioning itself to help businesses manage not just how they spend money, but how they make financial decisions.
The news of Clara’s growth comes as corporate card and spend management fintechs around the world are expanding their customer bases as well as their offerings. Companies such as Ramp and Brex in the US, Pleo and Payhawk in Europe, and Airwallex in Asia-Pacific have expanded beyond corporate cards to offer more comprehensive financial management platforms. These providers have integrated payments, expense management, accounts payable, and AI-powered automation into a single offering. Clara is following a similar trajectory in Latin America, where its regional focus and growing suite of financial tools position it to compete for businesses looking to consolidate and automate their financial operations.
Photo by Ryan
