Goldman Sachs Lends $150 Million to Mexican Startup Clara

Goldman Sachs Group Inc has extended a $150 million credit line to Mexican startup Clara, which lends to corporations and helps manage their spending, the latest Latin American fintech to receive support from the New York-based banking giant.

The financing, which starts at $50 million with the option to upsize to $150 million, will help the Mexican unicorn boost its lending operations, accelerate its expansion throughout Latin America and invest in its technology, Clara chief executive officer and co-founder Gerry Giacoman said in an interview with Bloomberg News. Clara is working on expanding into Peru and Chile next.