Mexican fintech Klar acquired Banorte’s digital bank Bineo. The acquisition, pending approval from Mexican regulators, gives Klar access to Bineo’s banking license.
Klar provides app-based financial services for Mexican consumers and small businesses. Its offerings include credit cards, digital bank accounts, personal loans, investment tools, and financial education. Launched in 2024, Bineo is Banorte’s digital bank and offers no-minimum, commission-free savings accounts and personal loans.
The acquisition is part of Klar’s expansion strategy.
Founded in 2019, Klar raised a $190M Series C in July 2025.
Read more on LatamFintech Hub.
