Clara announced a $65 million Series C and renewed a $40 million growth-financing facility on November 10 as it expands sales in Brazil, its largest market by customer count. The corporate payments company told Startups that Brazil will receive more than half of its investments.
Citius, Kaszek and DEG, part of Germany's KfW Group, anchored the equity round. The renewed facility comes from General Catalyst's Customer Value Fund and is intended for sales and marketing, while the equity supports platform development and longer-term growth.
Clara combines corporate cards and bill payments with software that helps business finance teams control spending. It says its AI checks employee expenses against company rules and sends exceptions to people for review. Finance teams can also request spending reports and forecasts in ordinary language.
The company reports more than 45,000 customers and annualized net revenue above $100 million, alongside more than a year of positive EBITDA.
Clara used a similar financing mix in April 2025, when it announced a $40 million equity extension alongside $40 million of General Catalyst growth funding. That announcement emphasized sales to midsize and large businesses in Brazil, Mexico and Colombia.
Brazil now contributes close to half of Clara's revenue, the company told Startups. It has more than 75 openings in the country across technology and sales, with commercial expansion planned in more than 20 cities.