Tuesday, March 10, 2026

Light/Dark

Breaking News

ClearToken Launches Regulated Stablecoin FX and Tokenised Settlement on Canton Network with Three Institutional DAPs Teciem welcomes Didier Bouillard as Chairman of Board of Directors Granite Receives Financial Regulatory Approval to Launch USD Fixed Income Fund Orca Fraud Raises $2.35m to Scale Real-Time Fraud Intelligence Across Emerging Markets Payment Fintech Njiapay Closes $2.1 Million Seed Investment Blockchain.com Doubles Down on Africa With Ghana Launch, Set Sights On Wider African Expansion Nexi’s Mobile Payments Land in Ireland New Disruption Unit Launched in Crackdown on Fraud SumUp Expands Into The Accounting Market With a Free Making Tax Digital For Income Tax Offering, Powered by Sage Tide Becomes First Business Banking Provider to Launch Mobile Plans Globally, Powered by Gigs PAYSTRAX to Create Up to 150 New Fintech Jobs in Lithuania as It Scales Operations Across Vilnius and Klaipėda Backbase Appoints Didier Van Der Coelden as Chief Financial Officer Bybit Appoints Derek Dai as MENA Country Manager, Reinforcing Long-Term Commitment to the UAE Amex research: UK Small Business Owners Turn to AI for Advice – but Human Connection Matters Most DataWollet Closes £1.3m Pre-Seed Investment, With Female Angel Investors Leading the Way

Home » People » Mark McCoy

Connect

About Mark McCoy

https://www.covalto.com/

News

News

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.

Related Companies