Clara, a Mexican “unicorn” startup with a valuation of more than $1 billion that provides corporate credit cards and cost management services, said on Monday that it had obtained $150 million in debt funding from Goldman Sachs.
The cash will be utilized to expand Clara’s technology infrastructure and to provide consumers with ever greater credit limits.
According to Giacoman, Clara is now increasing by hundreds of clients every week, and it already has over 6,000 clients throughout the three countries in which it operates: Mexico, Brazil, and Colombia.
The lending line given to Clara is not Goldman Sachs’ first venture into backing business credit card companies. Goldman Sachs contributed the same sum, $150 million, to US startup Ramp last year.
Clara achieved unicorn status in Latin America the quickest, only eight months after it began operations.
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