With this new capital increase and only eight months after starting operations in Mexico, the company has reached a valuation of one billion dollars, becoming the fastest Latin American startup to obtain unicorn status in the region. As part of the new investment, Michael Gilroy of Coatue, joins as the first external member of Clara's board.

In Brazil, Clara starts operations with a group of nearly 100 company customers using its products, including the Brazilian operations of its existing regional and

global customers. Clara has formed an initial team of 40 people in Brazil, headed by Layon Costa who serves as Country Manager. Costa has extensive professional experience having worked with such companies as Dow Chemical, Rappi, and Quinto Andar.

According to Gerry Giacomán Colyer, Clara CEO and co-founder, "We're thrilled that the same year we started operations in Mexico, we're able to make our official landing in Brazil. Since Clara's inception, our goal has been to offer the best corporate spend management solution based on a solid infrastructure, adhering to local regulations, so we can contribute to the growth and competitiveness of all companies in Latin America. We've been entrepreneurs and executives in companies that have operated across the region, so we know that the needs are similar in Brazil as they are in Mexico or Colombia. Further, we have many customers that operate throughout these countries, and we're thrilled to be their ally."

Giacomán Colyer continued, "While we were not actively seeking additional financing, the infrastructure we've built, and our expansion generated much enthusiasm. In addition to our topline growth, the caliber of clients today includes not only the fastest growing companies in the region, but some of the most successful corporations as well - including airlines, car manufacturers, and a bank."

Co-founder and Head of Product Development, Diego García added, "Being able to operate with our own license backed by Mastercard in more than one country and in such a short time is the result of all the product decisions we have made over the past year since we started Clara. With the new financing, we will continue to form the best team of engineers, designers, and product leaders so we can keep innovating."

As in Mexico, Clara's solution in Brazil will offer its clients a solid and robust platform,

thanks to its own license under agreement with Mastercard to operate without depending on third parties or sponsor banks. Through its principal member license with Mastercard, Clara can issue its own cards, which are accepted at businesses worldwide.

Clara's customers include Kavak, Jüsto, JOKR, and Casai, among nearly two thousand established and rapidly growing companies.