Brazil’s Fintech Firm Clara Eyes New Funding to Fuel Expansion •

Clara, a Brazilian financial technology company established in 2021, is currently negotiating to secure new equity and debt financing. This move comes as the venture capital market shows signs of revival. CEO Gerry Giacoman Colyer expressed optimism about the fundraising process at the Rio Web Summit, noting the firm’s plans to accelerate growth as market conditions improve.

Since its inception, Clara has achieved a valuation of $1 billion just eight months after launch, following a $70 million Series B round led by Coatue Management and later securing a $150 million credit line from Goldman Sachs. The company, now based in Sao Paulo, operates across Brazil, Mexico, and Colombia, serving over 10,000 clients including major corporations like Burger King and Nike. Despite maintaining a steady workforce of 330 employees, Clara has managed to sextuple its revenue and now processes about $2 billion in transactions annually.

The firm’s strategy focuses on reaching profitability while sustaining positive unit economics in all three operational countries. With a robust client base that includes large enterprises, Clara is working towards further developing its financial solutions, aiming for profitability and continuing its expansion in Latin America. The additional funding will support its post-payment product that offers customers a 40-day payment period, as part of its broader growth strategy.