Fintech Clara Launches Payment Account in Brazil Eyeing $1 B in Transactions

Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach 6 billion reais ($1.23 billion) in transactions in 2024, the firm said on Tuesday, as it eyes growth in the region's largest economy.

Clara, which also provides corporate cards and expense management solutions, said the new product would allow clients in Brazil to expand their payment methods, adding bank slips and express wire transfers (TEDs) to its traditional credit card.