Mexican fintech Klar raises US$190mil


Klar CEO Stefan Moller. — Reuters

MEXICO CITY: Mexican financial technology (fintech) firm Klar says it has raised US$190mil through a Series C funding round, led by US private equity firm General Atlantic that valued the company at more than US$800mil.

Klar has positioned itself as an alternative to legacy institutions by offering lower-cost, app-based financial products to a broad swath of Mexican consumers and small businesses.

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