Clara Raises US$60M in a round led by GGV Capital

Clara, the Mexican corporate expense management unicorn in Latin America, today announced the closing of a US$60 million investment round. The capital received will be used to boost the technological development of the digital payments and expense management platform, in addition to consolidating its market leadership in the region. Today the startup reports that it works with around 10,000 companies in Latin America, which use Clara’s suite of products to automate and simplify their daily operations.

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Major investment in Habi and seed capital for Instaleap and Kala are stand outs in LATAM funding

April 27, 2023

In the midst of this shortage of capital for startups,this week the proptech unicorn Habi announced that it received US$100 million from Victory Park Capital. Bogota-based Instaleap raised a US$5 million Series A, they offer software as a service (SaaS) to supermarkets and pharmacies to help them sell online. Kala, a Colombian startup that helps turn any credit company into a fintech, announced that it raised US$6 million in equity in its first 12 months of operations.

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Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

April 27, 2023

Smile Identity, a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve, a Ghanaian developer of identity verification software. This strategic acquisition will expand Smile Identity’s footprint across Africa and solidify its position as the continent’s leading identity verification and digital KYC provider.

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