TLDR:
- Clara, a Brazilian fintech company, is seeking new funding for expansion
- The company has achieved unicorn status and is looking to accelerate growth
Brazilian fintech company Clara is currently in talks to secure new equity and debt financing to fuel its expansion efforts. Since its establishment in 2021, Clara has quickly grown to achieve unicorn status, with a valuation of $1 billion just eight months after launch. The company has already raised significant funding, including a $70 million Series B round led by Coatue Management and a $150 million credit line from Goldman Sachs.
Clara, headquartered in Sao Paulo, operates in Brazil, Mexico, and Colombia, serving a client base that includes major corporations such as Burger King and Nike. Despite maintaining a workforce of 330 employees, the company has managed to sextuple its revenue and processes about $2 billion in transactions annually. The firm’s focus is on reaching profitability and sustaining positive unit economics across all three countries.
The additional funding Clara is seeking will support the development of its post-payment product, which offers customers a 40-day payment period. This funding is part of the company’s broader growth strategy, aiming to further expand in Latin America and continue developing its financial solutions for enterprises.
