Clara Renews $150 Million Debt Facility With Goldman Sachs to Scale Payments Products in Mexico, Bringing Total Debt Capacity to Over $250 Million

Clara, Latin America’s leading corporate spend management platform, announced a significant milestone with the renewal of its $150 million debt facility from Goldman Sachs. This commitment, combined with debt facilities secured last year from leading financial institutions including the International Finance Corporation (IFC), Covalto, and BBVA Spark, as well as General Catalyst’s Customer Value Fund (CVF), brings Clara’s total debt capacity to over $250 million.

The facility renewal marks a new chapter in a partnership that began in 2022 and has been instrumental to Clara’s growth in Mexico. With Goldman Sachs’ backing at that time, Clara was able to begin serving larger mid-market and enterprise clients such as Smart Fit, Holcim, OCESA, Viva Aerobus, and Bolsa Mexicana de Valores – the Mexican Stock Exchange. 

The funding from Goldman Sachs will enable Clara to scale its payment solutions including corporate credit cards, bill pay, and cross-border transactions, as well as Clara TravelPay, which includes purpose-built payments infrastructure for companies to manage their business travel needs. Clara also recently announced a first-of-its-kind partnership with Mastercard and L’Oréal offering co-branded corporate credit cards to beauty professionals and salons in Mexico.

These payment solutions are complemented by the company’s advanced spend management software. By automating traditionally manual workflows such as invoice processing and reimbursement management, Clara’s AI-enabled software platform enables companies ranging from many of the region’s fastest-growing startups to hundred-billion-dollar enterprises to operate with greater agility and financial transparency.

Leadership appointments 

Clara also announced leadership changes as the company prepares for its next phase of growth. Travis Foxhall has assumed the position of Chief Financial Officer following his key role in securing the financing critical for the company’s expansion. Foxhall, who joined Clara as Finance Director in 2024 from the venture capital arm of global alternative investment firm Point72, will be responsible for overseeing financial strategy and operations, corporate development, and investor relations. 

“Our partnership with Goldman Sachs has been fundamental to scaling our payments offerings in Mexico, and this extension demonstrates sustained confidence in both our business model and the massive untapped opportunity ahead. I will be focused on deepening our capital markets partnerships in my expanded role, enabling Clara to accelerate adoption well beyond the 30,000 businesses we currently serve across Latin America,” stated Foxhall.

This move follows the recent addition of Jorge de Lara as President of Clara Mexico. His prior experience in the corporate payments sector, including leadership roles at American Express and Edenred, will be instrumental as Clara scales its operations to meet the complex financial needs of the Mexican enterprise sector.