LatAm fintech Clara eyes $100 million in international transactions by year-end

Latin American corporate card provider Clara is to allow cross-border transactions and said it expects up to $100 million in payments to be made using the service by the end of the year. The service, which allows clients to pay bills in major foreign currencies, will launch first in Mexico, where Clara was founded, the company told Reuters in a statement on Monday. It plans to later make the service available in Colombia and Brazil, it added, without giving a time frame.