Clara

Clara is a corporate spend management platform for businesses in Mexico, Brazil and Colombia. It issues unlimited physical and virtual Mastercard corporate credit cards (Clara Black, Clara White, Clara Virtual and a Clara Travel card for business travel payments) with per-card limits and controls, and combines them with expense management, policy automation, accounts payable with invoice processing and approval workflows, payments and transfers, and ERP integrations for reconciliation. Features marketed under Clara Intelligence add automated categorisation and controls. Companies can apply online, and a programme for venture portfolio companies allows onboarding without a local bank account. Clara holds its own Mastercard licensing in the region and reports expansion plans across Latin America.