Question 1

What is Claro?

Accepted Answer

Claro is a dynamic spending platform that lets any organization — from startups to student governments — issue smart virtual cards with built-in budgets, rules, and approval workflows. It provides real-time control over spending with instant approvals and transparent payments.

Question 2

Who is Claro built for?

Accepted Answer

Claro is specifically designed for student organizations, clubs, and nonprofits. Unlike traditional corporate expense platforms, Claro works for informal teams without requiring EIN or business documentation, and supports rotating officers and shared control structures common in campus organizations.

Question 3

How does Claro's funding model work?

Accepted Answer

Claro uses real-time per-transaction funding instead of static monthly limits. This means budgets are enforced before the transaction happens, not after, giving organizations better control and preventing overspending.

Question 4

What makes Claro different from Ramp, Mercury, or traditional banks?

Accepted Answer

Claro is purpose-built for student organizations and nonprofits, not startups or corporations. Key differences include: real-time per-transaction funding vs static limits, support for rotating officers vs corporate hierarchy, native event and travel budgets, simple onboarding without EIN requirements, and all-in-one workflows for approvals, chat, and receipts.

Question 5

Does Claro support event budgets?

Accepted Answer

Yes! Claro has native support for event and travel allocation, making it easy to create and manage budgets for specific events or trips. This feature is not typically available in corporate expense management platforms.

redefining how organizations spend.