Mexican fintech Klar lands $100 million debt line in loan book boost

Klar CEO Stefan Moller poses for a photograph in Mexico City, Mexico, July, 2022, in this handout photo made available to Reuters on August 14, 2023. Klar/Handout via Reuters

(Reuters) - Mexican financial services startup Klar has received a $100 million debt facility from investment firm Victory Park Capital, it announced on Tuesday, meant to expand the company's loan book in a country where few residents have access to credit.

"This will let us provide better offers to our users, whether that's larger credit lines or reduced interest rates," CEO Stefan Moller said in an interview ahead of the announcement.