Southeast Asia’s (SEA) private equity (PE) market deal value fell 52% in 2022 compared to the previous year, with deal count also declining 15 percent year-on-year. Activity in the region was strong through the first half 2022 (matching 2021 activity levels), before falling in the second half of the year.

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.