09 December 2021
Carey Olsen advises fintech startup Clara as it becomes the fastest unicorn in Latin America
Carey Olsen's corporate practice in the Cayman Islands has advised Mexican fintech company Clara on a Series B financing round of US$70 million marking its valuation milestone of US$1 billion. The startup, which recently launched in Brazil, is now the fastest company to reach unicorn status in Latin America having launched only eight months ago with a US$3.5 million pre-seed round.
Alistair said: "It is very exciting to see Clara's meteoric growth and to watch the Cayman Islands' reputation as a premier jurisdiction for venture capital structures with a Latam focus continue to go from strength to strength."