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Klar Raises Series B Led By General Atlantic To Support Growth Of Its Digital Financial Services Platform In Mexico

Klar Raises Series B Led By General Atlantic To Support Growth Of Its Digital Financial Services Platform In Mexico

07/19/21, 11:04 AM
Industry
financial services
Round Type
series b
Klar, a leading digital financial services platform providing a transparent, free and secure alternative to traditional debit and credit services in Mexico, today 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.

Company Info

Company
Klar
Additional Info
Klar has been working to democratize financial services in Mexico since 2019 by offering a 100% digital, transparent, free and secure alternative to traditional credit and debit services. Unlike traditional institutions, Klar provides users with a unique set of features and benefits, including: For more information, visit: https://www.klar.mx/