Klar, a Mexico City-based digital financial services platform, raised USD $90M in funding.
The round was led by General Atlantic, and Endeavor Catalyst. The transaction is subject to applicable regulatory approvals, including clearance of the Mexican Banking and Securities Commission (CNBV).
The company intends to use the funds to further enhance its platform with innovative solutions tailormade for the Mexican market, explore strategic acquisitions, deepen its ecosystem.
Founded in 2019 and Stefan Möller, Chief Executive Officer, Klar offers solutions for consumers spanning all financial needs, including spending (with credit, mobile payments, and rewards program offerings) and borrowing (with personal loan, salary advances, and buy now, pay later services).
By employing technology, proprietary data science, and thoughtful customer service, Klar aims to eliminate the bureaucracy typically associated with traditional banks.
FinSMEs
10/06/2022