Clara, a Mexican fintech that provides corporate cards and other expense management solutions for businesses across Latin America, recently secured a $60 million investment in a Series B round led by GGV Capital.

The venture capital fund, which has already bet on Airbnb and invested in Mexican credit card unicorn Stori, will have a seat on the company’s board of directors, which Hans Tung, a managing partner of the firm, will fill.

The round also saw the participation of new investment funds such as Acrew Capital, Citius, Citi Ventures, Endeavor Catalyst, Ethos, and Commerce Ventures, among others. And current partners such as Monashees, Coatue, and Picus Capital also joined the round.

Source: Fintech Nexus News