Klar, a Mexican FinTech company providing app-based financial services to consumers and small businesses, has raised $190m in a series C funding round, pushing its valuation above $800m.
The round was led by US private equity giant General Atlantic, with $170m in equity and $20m in venture debt, according to a report from Tech in Asia.
Other investors included returning backers Prosus, IFC, Mouro Capital, and Quona Capital, alongside new participants Santander Group, Grupo Televisa, and Grupo Formula.
Founded in 2019, Klar offers a suite of app-based financial services designed to serve the needs of Mexican consumers and SMEs, providing credit and digital banking tools.
The company offers credit cards, a digital banking account, Mastercard, loans, financial education, investment services and more.
The company plans to deploy the new funding to expand its operations within Mexico, with a focus on advancing product development and identifying fresh growth opportunities to support its customer base.
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