After raising its $ 30 million Series A funding round and receiving around 10 million more investors such as the founder and CEO of Name, Daniel voguel, O Ricardo Weder, founder and director of Jüsto, the credit card startup Clara formed an alliance with Mastercard to issue your own credit cards and thus not depend on a banking institution.
“There is a community of people who are seeking to contribute a lot to the country and the region with different companies and solutions, and in this community there is a lot of support. We also share investors, such as Kaszek Ventures and Monashees and others are Clara users ”, he said Gerry Giacomán in interview.
With the new license to issue credit cards, backed by the financial solutions transnational Mastercard, Clara guarantees the stability and quality of the services it offers, in addition to accelerating the speed of expansion within the region.
Clara controlled the entire software infrastructure of her application, but when we launched our product we were working with a bank that was the sponsor of the entire card issuance part and now we have that card issuance license, ”he said.
Clara is a startup dedicated to the management and administration of credit cards for companies and organizations. Just last March, the startup received an investment of 3.5 million dollars in a seed round (seed) led by General Catalyst and in May, it raised its series A for 30 million.
The startup has added to its client list the unicorn of the sale of pre-owned cars Poplar, to the home delivery platform Cornershop, to the rental of real estate Casai and the Brazilian credit Creditas
In addition to managing business credit cards, Clara has integrated the bank payment instruction service to its product portfolio, as well as a flexible financing option. The company already has a team of 20 people in Brazil, although it has not yet formalized its arrival in this Latin American country.
The company plans to end 2021 with 2,000 companies using its platform and continue to expand its product portfolio; as well as expanding its operation to other Latin American countries, in addition to Brazil.
Reference-www.eleconomista.com.mx