Klar Technologies Raises $190M in Funding Round Led by General Atlantic

Klar Technologies, a Mexican fintech company, has raised $190 million in funding from a group of investors, including General Atlantic, Grupo Televisa, Banco Santander, and Quona Capital. The round valued the company at $800 million and included $170 million in equity and $20 million in venture debt. New investors Radio Fórmula and Prosus Ventures also participated.

Mexican fintech company Klar Technologies has raised $190 million in Series C funding, led by General Atlantic. The investment, which includes $170 million in equity and $20 million in venture debt, values the company at over $800 million [1][2].

The funding round was also backed by existing investors IFC, Prosus, Mouro Capital, and Quona Capital, as well as new investors Banco Santander, Grupo Televisa, and Grupo Formula. New investors Radio Fórmula and Prosus Ventures also participated in the round [1][2].

The capital will be used to fund product development and further expansion within Mexico. Klar, which provides credit services, credit cards, deposit accounts, investment options, and personal loans to over two million users, aims to accelerate its growth in the Mexican market [1][2].

Klar Technologies, founded in 2019, is nearing $300 million in annual revenue and is looking for an annual run rate of $500 million before considering an initial public offering (IPO) [2]. The company has also started the process to obtain a banking license in Mexico and acquired the assets of B2B payments and financing platform Tribal to enter the B2B market with payments and financing solutions for small and medium-sized businesses (SMBs) [1][2].

The Mexican fintech landscape is becoming increasingly competitive, with other firms such as Plata and Argentina’s Ualá raising capital this year. However, the adoption of formal financial products remains slow, with cash still being the primary payment method in Mexico [2].

References:

[1] https://www.fintechfutures.com/venture-capital-funding/mexicos-klar-bags-190m-in-new-funding-at-reported-800m-valuation
[2] https://www.bloomberg.com/news/articles/2025-06-30/mexican-fintech-klar-raises-190-mln-at-800-mln-valuation