Fintech Clara arrives in Colombia with company cards and $10 million investment

With an investment of US$ 10 million, Mexican fintech Clara has come to Colombia to offer small, medium and large companies in the country a comprehensive expense control platform accompanied by a free business credit card with no commissions and fees.

According to Gerry Giacomán, CEO and co-founder of Clara, “As entrepreneurs, we understand the needs of companies in the region, so we are committed to bringing our products to all Latin American countries, trying to provide organizations with a financial solution. Resolve conflicts related to employee spending on behalf of the company and engage their work teams.” financially empowering.”

Companies will be able to access credit cards on the web with instant registration in less than 10 minutes and free of charge. However, they will be able to shop online and in physical stores; automate invoicing processes; see the budget of their departments in real time; setting spending limits and restrictions for employees; blocking products and tracking financial movements; and even tax, transfers and payments for services such as electricity, water, telephone and internet.

“Recognizing that Colombia is a strategic market as it is one of the main centers of business development and growth in the region, we aim to strengthen our role as an ally of companies in this process and contribute to financial inclusion throughout the region. via digital. , agile, accessible and modern products,” said Leonardo Ramos, Country Manager for Clara Colombia.

Fintech reaches the Colombian financial market with a strong product backed by MasterCard’s regional infrastructure, with 100% local service and without being dependent on other providers and intermediaries for the issuance of its cards.

“MasterCard empowers fintech innovators who are committed to creating a more financially inclusive future. Our mission to connect one billion people to the digital economy by 2025 is in line with the vision of fintech company founders working to empower underserved communities. This strategic alliance enables us to continue working to promote the financial inclusion of small and medium-sized companies as it is the foundation of our economy. “Through such agreements, we provide solutions designed by our partners to meet the specific needs of SMEs and ensure the stability and quality of services through our global network,” said Federico Martínez, Country Manager, MasterCard Colombia.

Source: Lare Publica

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