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Klar Secures $100 Million Debt Facility From Victory Park Capital To Expand Credit Products In Mexico

Aug 15, 2023•over 2 years ago

Amount Raised

$100 Million

Mexico CityFinancial Services

Investors

VpcVictory Park Capital

Description

Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The financial support from VPC will propel Klar during a moment of transformative growth for the company, as it expands product offers that provide Mexicans with enhanced access to reliable, simple and transparent credit cards.

Company Information

Company

Klar

Location

Mexico City, Mexico City, Mexico

About

Klar, S.A. de C.V., has been working to democratize financial services in Mexico since 2019 by offering a 100% digital, transparent, free, and secure alternative to traditional credit. For more information, visit www.klar.mx. Klar, S.A. de C.V., is a commercial entity that offers credit products and is not supervised by the CNBV.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech