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# Why Would a Profitable Fintech Raise?
- URL: https://www.theinvestorsociety.com/why-would-a-profitable-fintech-raise/
- Published: 2026-11-10T18:04:57.000Z
- Updated: 2026-11-10T18:04:57.000Z
- Author: Katherine Castelán
- Tags: The Daily Dealflow

Hi, and welcome to a new edition of [The Daily Dealflow](https://www.theinvestorsociety.com/tag/the-daily-dealflow/) — the 5-minute briefing that gives you clear context on capital flows and market-moving trends across the Americas, from Silicon Valley to Buenos Aires. Let's dive in.

### 🏆 Deal of the Day

Clara, the Mexico-born corporate card and B2B payments platform, raised $105M. The total is a $65M Series C led by Citius, Kaszek and DEG, plus a $40M renewal of General Catalyst’s Customer Value Fund credit line. CEO Gerry Giacomán says the company has been profitable for a year and is now shopping for acquisitions.

**Why This?:** A company founded in Mexico now earns close to half its revenue in Brazil, and its backers include U.S. VCs and a German development bank. Few deals show cross-border capital in the Americas this clearly. It also shows how much LATAM late-stage rounds have recovered.

**Positive Context:**

- Clara says it has passed $100M in annualized net revenue, serves 45,000+ clients, and has been EBITDA-positive for more than a year. Its total debt capacity now exceeds $250M.
- Series C rounds made up 30% of LatAm venture dollars in H1 2026, up from 19% in 2025, according to Endeavor data.

**Yes, but:**

- Clara did not disclose its valuation, only that it rose. It also did not say how much revenue has grown since its April 2025 round. And $40M of the headline figure is credit, not equity – [Startups](https://startups.com.br/negocios/fintech/clara-capta-us-105m-com-serie-c-e-linha-da-general-catalyst/?ref=theinvestorsociety.com).

> **“We are exploring acquisition opportunities,”** said Gerry Giacomán, co-founder and CEO of Clara, to [Forbes México](https://forbes.com.mx/unicornio-clara-recibe-105-mdd-en-ronda-serie-c-y-busca-salir-de-compras/?ref=theinvestorsociety.com).

![](https://storage.ghost.io/c/40/72/4072b0a5-dd13-4755-b3a4-f7b56403df30/content/images/2026/11/image-3.png)

Founders Gerry Giacomán Colyer (CEO) and Diego García Escobedo (CTO). Courtesy: El Economista

### 💰 Venture Capital

*Submit a deal for The Daily Dealflow newsletter via DM* [*here on LinkedIn*](https://www.linkedin.com/company/theinvestorsociety/?ref=theinvestorsociety.com)*.*

**Nominal (US) – $240M, Series C** at a $3B valuation, a hardware engineering data platform with AI agents that analyze test data for aircraft, satellites and robots. Lightspeed led and Insight Partners co-led, with Sequoia, Founders Fund, General Catalyst and Lockheed Martin Ventures joining. CEO Cameron McCord, a former Navy submarine officer and Anduril alum, co-founded the company in 2022 with Bryce Strauss and Jason Hoch. The valuation tripled since March, and more than 300 Anduril engineers use the platform – [TechCrunch](https://techcrunch.com/2026/11/09/ai-hardware-startup-nominal-triples-valuation-to-3b-in-8-months/?ref=theinvestorsociety.com).

**Project Omega (US) – $80M, Series A**, recycling used nuclear fuel into power systems and strategic isotopes. B Capital led, with noa VC and 645 Ventures joining, bringing total funding to $92M. Founder Stafford Sheehan previously co-founded Air Company, which makes fuel out of CO₂. The U.S. has nearly 100,000 metric tonnes of used fuel in storage, and Omega claims its process can cut waste volume by up to 90% – [Tech Funding News](https://techfundingnews.com/project-omega-raises-80m-from-b-capital-to-turn-americas-used-nuclear-fuel-into-power/?ref=theinvestorsociety.com).

**Klubi (Brazil) – R$20M+ (about $3.7M), second Series A** extension, a digital consórcio platform: pooled savings plans for buying phones, motorcycles, cars and property. All of the money came from Patria Investments, whose total stake in Klubi now exceeds R$60M. CEO Eduardo Rocha runs a R$2B+ portfolio with about 130 employees and 250 AI agents handling sales, credit and collections – [Latam Republic](https://www.latamrepublic.com/brazilian-fintech-klubi-secures-over-r-20-million-in-series-a-extension-led-by-patria-investments/?ref=theinvestorsociety.com).

**OpenAI (US) – $11B**, first close of a private round at a $1.25T valuation, about $150B below its original $1.4T ask. The full round now targets about $20B, down from $30B+. Earlier reports named UAE investors and Coatue as leads, with MGX expected to be the largest participant. The price is still 47% above March’s $852B mark. It is also roughly 18 times a reported \~$70B revenue run rate – [Tech Funding News](https://techfundingnews.com/openai-closes-11b-first-tranche-at-1-25t-valuation-well-below-its-1-4t-ask/?ref=theinvestorsociety.com).

![](https://storage.ghost.io/c/40/72/4072b0a5-dd13-4755-b3a4-f7b56403df30/content/images/2026/11/image-4.png)

The Ipsos Global Trustworthiness Index 2026, based on a survey of 23,537 online adults across 31 countries.

### 🏛️ Private Equity

**Equity Link and BBVA Spark (Mexico) – $53M**, venture debt facility from BBVA Spark, the bank’s growth-lending unit, to a fintech that finances industrial supply chains in Mexico and the United States. Founder and CEO Mario E. Antúnez Cruz runs a factoring business: suppliers in auto parts, aerospace and electronics sell their unpaid invoices at a discount instead of waiting 60 to 90 days for payment. The money will scale MONIE, its AI platform for managing financial operations in real time – [The Investor Society](https://www.theinvestorsociety.com/bbva-spark-lends-us-53-million-to-mexicos-equity-link-to-scale-ai-driven-supply-chain-finance/).

**Surgery Partners (US) – up to \~$6.0B enterprise value**, amended take-private by HealthSpan Partners, an affiliate of the nonprofit Bon Secours Mercy Health. Shareholders other than Bain Capital affiliates get $25/share in cash. If closing slips past March 1, 2027, a 10%-a-year “ticking fee” adds up to $1.61/share. The board passed on an unsolicited $28/share bid because it would close more slowly and carry more regulatory risk – [SEC](https://www.sec.gov/Archives/edgar/data/0001638833/000110465926124243/tm2629312d1%5Fex99-1.htm?ref=theinvestorsociety.com).

**JBS and Flora (Brazil) – $542M**, related-party acquisition of Flora (Minuano, Francis, Neutrox, OX) from J&F, the Batista family holding that controls JBS. JBS pays $367M for the equity and takes on Flora’s debt. It is also buying agribusiness broadcaster Canal Rural for $11M. Flora rejoins JBS nearly two decades after being spun out, and both deals are slated to close in December – [Exame](https://exame.com/negocios/jbs-compra-flora-e-canal-rural-da-holding-jf-em-negocio-de-us-553-milhoes/?ref=theinvestorsociety.com).

**NRG Energy and LS Power (US) – $4B cash**, asset sale of six gas plants (4.9 GW across New York, New England and Texas) to LS Power at 8.0x 2027 EV/Adj. EBITDA. Proceeds fund $3B of buybacks over 2026–27 and $2B of debt reduction. Think of a landlord selling a few buildings to buy back shares of the whole portfolio. NRG keeps 20 GW, and closing is targeted for Q2 2027 – [Stock Titan](https://www.stocktitan.net/news/NRG/nrg-energy-announces-4-billion-asset-7q33tz5621bs.html?ref=theinvestorsociety.com).

### 📈 Public & Capital Markets

![](https://storage.ghost.io/c/40/72/4072b0a5-dd13-4755-b3a4-f7b56403df30/content/images/2026/11/opening_market_figures_2026-11-10.png)

Opening Market Figures, Tue 10 Nov, 2026.

**Anthropic (Nasdaq: ANT)** – IPO price range set at $70–$78 for 825M shares, which would raise up to $64.35B gross. Pricing is reportedly set for November 18, with trading on November 19, and the book is already covered. A concurrent $26B private placement brings in AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC. The debut would come about five months after SpaceX’s record $85.7B IPO – [CNBC](https://www.cnbc.com/2026/11/10/anthropic-sets-price-range-of-70-to-78-in-upcoming-ipo.html?ref=theinvestorsociety.com).

**eToro (Nasdaq: ETOR)** – Q3 earnings. Profit fell about 60% on lower crypto trading volume, and adjusted EPS of $0.26 missed the $0.32 consensus. The broker announced a $250M buyback and is buying Argentina’s LB Finanzas to expand in Latin America. Shares fell about 6% premarket – [ADVFN](https://br.advfn.com/jornal/2026/11/etoro-balanco-3t26-lucro-cai-criptomoedas-pre-mercado-10-novembro-2026?ref=theinvestorsociety.com).

**Nvidia (Nasdaq: NVDA)** – governance overhang deepens. The Information reported that CEO Jensen Huang’s ties to a woman suspected of spying for China helped move at least $7.5B of chips, about 240,000 GPUs, to Chinese firms. House China Committee chair John Moolenaar demanded a full investigation. Shares slipped to about $178 in early trading – [TheStreet](https://www.thestreet.com/stock-market-today/stock-market-today-dow-jones-sp-500-nasdaq-updates-nov-10-2026?ref=theinvestorsociety.com).

### 📅 ICYMI

![](https://storage.ghost.io/c/40/72/4072b0a5-dd13-4755-b3a4-f7b56403df30/content/images/2026/11/image-5.png)

GTA VI Courtesy: XBOX

- Take-Two shares rose about 3.7% premarket after CEO Strauss Zelnick said [GTA VI](https://www.thestreet.com/stock-market-today/stock-market-today-dow-jones-sp-500-nasdaq-updates-nov-10-2026?ref=theinvestorsociety.com) pre-orders are well ahead of internal expectations, even though quarterly revenue fell about 15%.
- [Border collies](https://thehustle.co/news/the-luxury-sheepdog-market-is-booming?ref=theinvestorsociety.com) have become a luxury asset. International buyers now pay upwards of $30K for trained sheepdogs at England’s Craven Cattle Mart, and one dog sold for about $39K in 2021, a Guinness record.
- On Nov. 11: [Singles’ Day ](https://en.wikipedia.org/wiki/Singles%27%5FDay?ref=theinvestorsociety.com)began as a joke holiday at Nanjing University in 1993\. Alibaba turned it into a shopping event in 2009, and by 2012 Taobao was selling about $3B in goods on that single day.

  
*See you tomorrow,*

[***Katherine Castelán***](https://www.theinvestorsociety.com/author/katherine/) ***&*** [***Jose Kont***](https://www.linkedin.com/in/jose-kont/?isSelfProfile=true&ref=theinvestorsociety.com)  
*The humans behind The Investor Society*