Klar is a leading digital financial services platform allowing users to manage their money in a secure and personalized way from their smartphone.
Klar provides a transparent, free and secure alternative to traditional debit and credit services in Mexico.
Klar was founded in 2019 by Stefan Moller, Daniel Autrique and Gianluigi Davassi. The company is headquartered in Mexico City, Mexico.
Klar offers a 100% digital, transparent, free and secure alternative to traditional credit and debit services. The startup claims that users can open an account online “in five minutes” through its app. No minimum balance is required and users are charged no fees.
Klar's card is powered by Mastercard, and offers users cash back on all their purchases and allows them to make mobile payments and access buy now, pay later services. Users can get an advance on their salaries through direct deposit.
Klar offers credit lines up to $20,000 pesos without referencing the users’ credit bureau score. Over the past 12 months, Klar added 1.4 million customers and originated over $100 million worth of loans.
Klar is backed by General Atlantic, Prosus Ventures, Quona Capital, Mouro Capital, Acrew, Endeavor Catalyst, IFC, WTI, FJ Labs, Arc Labs, and others. The company raised $90M in Series B and debt financing on Jun 09, 2022. This brings Klar's total funding to $187.5M to date. The latest round valued the company at a $500M post-money.