Mexican fintech Klar raised $190M in a Series C round, including $170M in equity and $20M in debt, bringing the company’s valuation above $800M. General Atlantic led the round, with participation from existing investors Prosus, IFC, Mouro Capital, and Quona Capital. New backers included Santander Group, Grupo Televisa, and Grupo Fórmula.
Founded in 2019, 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.
Klar plans to use the new capital to accelerate growth in Mexico by expanding its product portfolio and deepening its customer reach.
In December 2024, Klar acquired Tribal to enter the B2B market, offering payment and financing solutions for small and medium-sized businesses. Klar is approaching $300M in annual revenue.
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