Clara Company Research Report

Company Overview

• Name: Clara

• Mission: Empower companies to operate with agility and financial clarity, ultimately increasing the economic competitiveness of Latin America.

• Year Founded and Founders: No information is available.

• Key People:

• Maria González Madrigal, Sr. Manager Hilton Finance Shared Services

• Juan de Dios Vásquez, Director de Finanzas y Contabilidad de Aerotransportes Mas de Carga

• Victor Guzmán, Director Financiero y Administrativo de Agua Bendita.

• Headquarters:

• R. Dr. Renato Paes de Barros. 33, 15° andar - Itaim Bibi, São Paulo - SP, 04530-000, Brazil.

• Av Sonora 46, Roma Nte., Cuauhtémoc, Ciudad de México, Mexico City, Mexico.

• Cra 11B # 99-25, Bogotá, Colombia.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Leading spend management platform for companies in Latin America, offering a suite of financial tools and services, including corporate cards, Bill Pay products, and financing solutions.

Products and Services

Products Offered:

1. Corporate Credit Cards

• Description: Cards issued in various countries designed for corporate spending.

• Key Features:

• Personalized spending limits.

• Designed for different types of expenditures.

• Connection with ERP systems for seamless management.

2. Bill Pay

• Description: Domestic and international bill payment services.

• Key Features:

• Instant liquidity for bill payments in Mexico.

3. Management Platform

• Description: A comprehensive platform utilizing AI and transactional intelligence.

• Key Features:

• Real-time transaction control.

• AI-generated financial advice.

• Integration with invoice systems and optimization of cost management.

4. Digital Account

• Description: Digital accounts with competitive yields.

• Key Features:

• Account balance contributes to credit limits and reduces bill amounts.

• Offers a yield of up to 110% of CDI net.

5. API and Automation

• Description: APIs for mass payments.

• Key Features:

• Automated batch invoice payments.

6. Clara Black

• Description: Premium credit card for exclusive business trips and needs.

• Key Features:

• Offers exclusive benefits tailored for business travelers.

7. Clara Insights

• Description: Financial insights platform.

• Key Features:

• AI-powered cost-saving insights.

• Analyzes spending patterns for financial optimization.

Additional Features:

• Security: PCI DSS certified ensuring high standards of security.

• Multi-user Access: Multiple access levels for different roles within a company.

• Rewards: Clara Points can be exchanged for LifeMiles for travel and accommodation.

Recent Developments

• Product Launches or Improvements: No information is available on specific new product launches.

• New Partnerships: Clara is backed by several top global and regional investors, including GGV Capital, Coatue, DST Global Partners, and others.

• Feature Enhancements:

• Integration with SAT for automatic linking of invoices and CFDI in Mexico.

• New automation features for mass quick payments through API.

• Regional Expansion: Clara operates in Brazil, Mexico, and Colombia, demonstrating a strong regional presence in Latin America.

Conclusion

Clara stands out as a leader in the financial technology sector in Latin America, providing a comprehensive suite of products tailored to enhance financial clarity and agility for businesses in the region. Their focus on security, advanced AI integration, and commitment to regional growth reinforces their position as a valuable partner for businesses looking to optimize expenses and payments.