Klar Raises Series B Led by General Atlantic to Support Growth of Its Digital Financial Services Platform in Mexico

20 Jul, 2021

Klar Raises Series B Led by General Atlantic to Support Growth of Its Digital Financial Services Platform in Mexico
Photo by Pedro Lastra on Unsplash

– Klar, a leading digital financial services platform providing a transparent, free and secure alternative to traditional debit and credit services in Mexico, announced its Series B funding round, subject to applicable regulatory approvals, including clearance of the Mexican Banking and Securities Commission (CNBV) and the Mexican Economic Competition Commission (COFECE).
General Atlantic, a leading global growth equity firm, led the round with participation from existing investors Prosus Ventures, Quona Capital, Mouro Capital, International Finance Corporation and WTI.
– The funding will be used to strengthen Klar’s efforts to broaden access to consumer credit as Mexico’s transition to a digital economy accelerates through product and proprietary technology expansion.
– Founded in 2019, Klar’s vision is to become the primary financial services platform of its users by offering a full suite of products.

Banking Credit Cards Debit Cards Financial Services FinTech Latin America
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