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https://www.covalto.com/

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Clara secures $70 million in structured debt financing from BBVA Spark, Covalto and the IFC to expand its corporate payments and expense management platform across Mexico and Colombia, with leaders Eduardo González, Sanaa Abouzaid, Mark McCoy and CEO Gerry Giacomán Colyer highlighting the company’s regional growth.

Clara Announces $70 Million Debt Financing to Boost Growth of Payment Products in Mexico and Colombia

December 1 2025

Clara, the leading corporate expense management platform in Latin America, announces a $70 million structured debt financing from BBVA Spark, Covalto, and the International Finance Corporation (IFC). The capital will be used to accelerate the growth of Clara's corporate credit card and bill payment products as the company expands its operations in Mexico and Colombia. This financing complements its existing debt relationship with Goldman Sachs, with whom the company has been strengthening its partnership since 2022.

Mark McCoy

Mark McCoy