The fintech Clara established a headquarters in Monterrey, with the purpose of offering technology-based financial solutions tailored to the needs of companies that are coming to Nuevo León thanks to nearshoring.

Gerry Giacomán Colyer, co-founder and CEO of Clara, spoke about this initiative and emphasized that their focus is on streamlining corporate payments, including international payments to suppliers.

“The product Clara International Payments positions itself as an ally of the business ecosystem of Nuevo León, as it simplifies the common complexities and bureaucracy of cross-border transactions, offering agility and transparent prices,” explained Gerry Giacomán in an interview with El Economista.

Since its inception, Clara has acquired 250 corporate clients in Nuevo León. Recently, the company’s executives visited Monterrey to present Clara International Payments, a solution that allows companies to make payments to their suppliers in various currencies and countries from Mexico, all on a unified platform.

Giacomán also explained that the office in Monterrey is undergoing significant hiring for sales and engineering, in collaboration with Tecnológico de Monterrey in this launch.

“We want to emphasize how important this tool is for our current or future clients in the metropolitan area; we know that it’s a highly connected economy with trade, not only in the United States due to the nearshoring, but with the whole world,” added the CEO of Clara.

Since its beginnings as a startup, Clara identified the need to simplify and streamline payments in businesses, combining financial transparency and technology. Currently, they have the trust of more than 10,000 companies in Latin America, including Mexico, Brazil, and Colombia.

“We process transactions in the country for over USD$1 billion annually, and with the international payments solution, we expect to reach USD$100 million in transactions within the first six months, and maintain the pace of USD$1 billion in annual transactions,” revealed Giacomán.

Clara has received investments from various investment funds such as Monashees and General Catalyst, as well as Family Offices and other individual investors and global funds.

In March 2023, the company received an investment of USD$90 million from Accial Capital and FCP Impacto, the debt fund of Skandia, as reported by Axis Negocios.