LatAm fintech Clara eyes $100 million in international transactions by year-end

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LatAm fintech Clara eyes $100 million in international transactions by year-end
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By Kylie Madry SAO PAULO (Reuters) - Latin American corporate card provider Clara is to allow cross-border transactions and said it expects up to $100 ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSAO PAULO - Latin American corporate card provider Clara is to allow cross-border transactions and said it expects up to $100 million in payments to be made using the service by the end of the year.

It plans to later make the service available in Colombia and Brazil, it added, without giving a time frame. The corporate credit provider, which also offers expense management products, said its decision to launch in Mexico was in part to capitalize on the country's so-called nearshoring boom as U.S. multinationals move operations to the country to bring production closer to customers.

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