Fundraising Fox
Klar
Founded 2019 · 377 employees on LinkedIn · 13 known investors
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Klar is a Mexican fintech company that offers savings and checking account products protected by the Fund for the Protection of Popular Financial Societies.
Also known as Klar
Founders & leadership
Investors · 13
How we know: Acrew Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: General Atlantic's portfolio page · research · thepaypers.com · Not right? Tell us
How we know: the VCSheet dataset · research · thepaypers.com · Not right? Tell us
How we know: Quona Capital's portfolio page · a partner's Signal profile · research · thepaypers.com · Not right? Tell us
How we know: westerntech.com · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
Also in the syndicate · 3
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Klar is a Mexico City-based financial technology company founded in 2019 that delivers financial services through a mobile application aimed at Mexican consumers and small and medium-sized enterprises. Its product range includes a digital banking account, credit cards, a Mastercard product, loans, investment services and financial education content, alongside budgeting tools and money transfer functionality.
The company positions its offering around access for customers who are underserved by traditional banks, allowing accounts to be opened through the app without fees or minimum balances, and assessing creditworthiness using alternative data for applicants who lack conventional credit histories or collateral. As of mid-2025 the company was reported to be approaching USD 300 million in annual revenue while shifting emphasis from rapid growth toward profitability, and was valued at more than USD 800 million following its Series C round.
Founding story
Klar was founded in 2019 by Stefan Moller and Daniel Autrique, both described as having backgrounds in finance and technology, to address the large share of Mexican adults without access to basic financial services, high bank fees and strict account requirements.
Business model
Klar distributes consumer and SME financial products directly through its mobile app, combining a deposit/banking account with credit products such as credit cards and loans, plus investment services. Credit underwriting draws on alternative data sources rather than requiring established credit files or collateral.
Revenue derives from its consumer and SME financial products, including credit cards, loans and banking and investment services; the company was reported to be nearing USD 300 million in annual revenue as of mid-2025.
Traction
Reported to be nearing USD 300 million in annual revenue as of mid-2025, with a post-Series C valuation above USD 800 million.
Latest developments
In July 2025 Klar announced a USD 190 million Series C round comprising USD 170 million in equity and USD 20 million in venture debt, led by General Atlantic, valuing the company at over USD 800 million; the funds are to support product expansion and growth in Mexico.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
One of the more heavily funded participants in Mexico's fintech sector, which grew from just over 300 startups in 2018 to more than 1,000 by mid-2025 and recorded USD 865 million of fintech investment across 50 deals in 2024. Klar's backers include General Atlantic, Prosus, IFC, Mouro Capital, Quona Capital, Santander Group, Grupo Televisa and Grupo Formula.
Technology
A mobile application enabling rapid account opening, loan applications, budgeting tools and money transfers, with credit assessment based on alternative data sources.
Go-to-market
Mexican consumers, including unbanked and underbanked individuals without credit histories or collateral, and small and medium-sized enterprises.
Geography
Headquartered in Mexico City, Mexico, with operations focused on the Mexican market; the Series C proceeds were designated for expansion within Mexico.
History
Founded in 2019 in Mexico City by Stefan Moller and Daniel Autrique. By 2023 the company was operating a mobile banking app serving underbanked customers in Mexico. In mid-2025 it raised a USD 190 million Series C round led by General Atlantic at a valuation above USD 800 million, with proceeds earmarked for product development and growth within Mexico.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
3 people who came through Klar went on to found or lead other companies.
Timeline · 1
launches, deals, and filingsSeries C of USD 190 million, split between USD 170 million in equity and USD 20 million in venture debt, led by General Atlantic with participation from existing investors Prosus, IFC, Mouro Capital and Quona Capital and new investors Santander Group, Grupo Televisa and Grupo Formula. Valuation exceeded USD 800 million; proceeds allocated to product expansion and growth in Mexico.
$190M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 5
primary sources listed
- Klar raises USD 190 million | The Paypersthepaypers.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Klar do?
- Mexican fintech offering app-based credit and digital banking services to consumers and small businesses.
- Who are Klar's investors?
- Klar's investors include Acrew Capital, Cherry Ventures, FJ Labs, General Atlantic, Mouro Capital, Quona Capital, Western Technology Investment, AC Ventures and 2 more.