Mexican fintech startup Klar raised a $100M credit facility from Victory Park Capital.
“This funding will allow us to offer better credit conditions to our customers and expand credit access to people in Mexico, which is still low,” said Stefan Moller, CEO and Co-founder of Klar.
Klar specializes in providing financial services to the unserved population in Mexico. Their services include savings accounts, credit cards, and lending facilities to over 2.4M clients.
“There is still a great opportunity in Mexico since 90% of the population does not have a credit card, and only half has a bank account,” added Moller.
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