Clara Secures $105M in Funding to Scale AI-Powered Spend Management Across Latin America

Latin American spend management platform Clara has secured $105 million in new funding, comprising a $65 million Series C and a $40 million growth facility. This capital injection, paired with the company’s achievement of positive EBITDA and $100 million in annualized revenue, signals a maturing fintech landscape in the region where profitability and AI integration are becoming primary drivers.

What was announced

Clara’s $65 million Series C was anchored by Citius, Kaszek, and DEG, a subsidiary of Germany’s KfW Group. The round also saw participation from existing backers including Citi Ventures, DST Global Partners, and General Catalyst, alongside new investors like CMT Digital and Nascent VC. Simultaneously, General Catalyst’s Customer Value Fund renewed a $40 million growth financing facility to fund investments across the company's product suite.

The company plans to utilize the capital to expand its go-to-market operations and advance its AI-driven product suite. Key features currently in the platform include "Agentic Payments," which allows AI agents to execute authorized transactions via the Model Context Protocol, and real-time AI policy enforcement for employee expenses. Clara is also scaling its "Clara Global" offering, which supports multicurrency cards and stablecoins, and its "Clara Fleet" solutions for fuel management in Mexico and Brazil.

This latest round follows a series of debt announcements, including a $150 million facility from Goldman Sachs in February 2026 and $70 million from BBVA Spark, Covalto, and the IFC in November 2025, bringing Clara’s total debt capacity to over $250 million. The platform currently serves more than 45,000 customers, including three of Latin America’s five largest companies and one Fortune 20 enterprise.

"Clara exists to champion Latin American businesses, and we work tirelessly to give them the tools to compete and win on the global stage. 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,"

Gerry Giacomán Colyer at Clara

The companies involved

Clara has established itself as a major player in the Latin American corporate spend sector, providing financial data and payment execution tools to over 45,000 customers. The firm is backed by a heavy-hitting roster of institutional investors. Citi Ventures, the venture arm of global banking giant Citi, and the International Finance Corporation (IFC) provide significant institutional weight to the cap table.

General Catalyst, an early backer of the firm since its seed round, remains a pivotal partner through its Customer Value Fund. Other notable participants include Kaszek, a prominent Latin American venture firm, and DEG, which operates under the umbrella of the German development bank KfW. The inclusion of CMT Digital, a firm specializing in blockchain and digital assets, aligns with Clara’s move into stablecoin-supported global payments. This diverse backing reflects Clara's transition from a regional startup to a mature financial infrastructure provider for growth-stage companies and large enterprises alike.

What this means

This announcement marks a shift in the Latin American fintech narrative from pure growth to sustainable scale. By maintaining positive EBITDA while securing over $100 million in revenue, Clara is challenging the "growth at all costs" model that previously defined the region's tech scene. The focus on "agentic payments" and AI-driven policy enforcement puts pressure on traditional corporate card providers and legacy banks that lack the agility to integrate such automated workflows. Furthermore, the use of stablecoins for cross-border spend suggests that the friction of local currency volatility remains a primary pain point that fintechs are now bypassing through decentralized rails.