Clara raises $65M Series C to expand AI corporate payments across Latin America
Clara, a corporate spend management platform founded in Mexico City, announced on November 10, 2026 a $65 million Series C equity round. Citius, Kaszek and DEG, the development finance institution tied to Germany's KfW Group, anchored the round. Citi Ventures, Coatue, DST Global Partners, General Catalyst, Monashees, Notable Capital, CMT Digital and Nascent VC also took part, according to Tech Startups.
A separate $40 million growth financing facility, renewed from General Catalyst's Customer Value Fund, brings the announced package to $105 million. Bloomberg describes that second piece as a debt-like facility, so only the $65 million counts as new equity. Clara says it has passed $100 million in annualized net revenue, has been EBITDA-positive for more than a year, and serves more than 45,000 customers.
The company says the new money will expand its go-to-market team and strengthen the automation and AI features of its platform, including conversational AI and agentic payment tools. The product combines corporate cards, bill payments, spend management, accounts payable and accounts receivable. Clara Fleet and Clara Veículos add fuel payment tools in Mexico and Brazil. Clara did not disclose a valuation.
Why it matters
For founders, the round suggests that AI features inside payments software can still draw large growth rounds in emerging markets, provided the company can show a real revenue base. Clara reports more than $100 million in annualized net revenue and more than a year of positive EBITDA, which gives investors a profitability story rather than a pure growth bet. Founders selling AI-led finance tools should read that as a signal that revenue quality and efficiency will be weighed alongside the AI roadmap.
For investors, the structure is a reminder to read headline totals closely. $40 million of the $105 million is credit from an existing backer, which can limit dilution but adds repayment obligations. The valuation was not disclosed, so return math is hard to assess from the announcement alone. Expect diligence to focus on unit economics, retention across the customer base, and the plan for each new country, including how multi-currency and stablecoin features affect margins and compliance costs.
Key points
- 1Clara's $65 million Series C is new equity, anchored by Citius, Kaszek and DEG.
- 2A renewed $40 million General Catalyst Customer Value Fund facility brings the announced total to $105 million.
- 3Clara reports more than $100 million in annualized net revenue and over a year of positive EBITDA.
- 4The company serves more than 45,000 customers and was launched in 2021.
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