- Companies
- Klar
Last Klar valuation
$800M
Series C · Jun 2025
Last Klar funding round
$170M
Series C · Jun 2025
Cumulative funding Klar raised
$288M
across 5 funding rounds
Key investors in Klar
Quona Capital
Mouro Capital
FJ Labs
General Atlantic
International Finance Corporation
Western Technology Investment
About Klar
Klar is a Mexico City-based digital banking platform offering deposit accounts, instant credit, and cashback rewards without commissions. Accessible via mobile app and debit card, it provides low-cost alternatives to traditional loans for underserved customers across Mexico, emphasizing secure transactions and quick withdrawals.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$800M (Jun 2025)
Sectors
Klar Valuation
Klar is currently valued at $800M, based on its Series C in June 2025.
The $170M round was led by General Atlantic, with participation from Grupo Fórmula, Citius, International Finance Corporation, Televisa, Mouro Capital and 4 other investors.
Klar valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2025 | Series C | $800M |
Klar Funding History
Klar has raised a total of $288M across 5 funding rounds.
Klar's first fundraising round was a $5M pre-seed round in September 2018. The most recent completed round was a $170M Series C in June 2025.
Klar funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Series C | General Atlantic (lead); Grupo Fórmula; Citius; International Finance Corporation; Televisa; Mouro Capital; Western Technology Investment; Prosus Ventures; Santander; Quona Capital | $170M | $800M | Klar is a Mexico City-based fintech founded in 2019, offering app-based financial services to consumers and small businesses in Mexico, including credit cards, digital bank accounts, personal loans, investment options, Mastercard integration, financial education, and B2B payments following its 2024 acquisition of Tribal's assets. The company serves over two million users and positions itself as an alternative to traditional banks in a market with limited formal banking access. On June 30, 2025, Klar raised $190 million in a Series C funding round led by General Atlantic, consisting of $170 million in equity and $20 million in venture debt, achieving a post-money valuation of $800 million. Existing investors International Finance Corporation (IFC), Prosus Ventures, Mouro Capital, and Quona Capital participated, alongside new backers including Santander, Grupo Fórmula, Grupo Televisa, and Western Technology Investment. The funds are earmarked for product development, AI-driven innovations, expansion within Mexico, and supporting SMB services. Klar reported annual revenue approaching $300 million around the time of the round, with a targeted annual run rate of $500 million by Q3 2025, as stated by VP of Finance Juan Sarmiento, potentially positioning it for an IPO. This traction underscores its growth in Mexico's booming fintech sector, which saw over 1,000 startups by mid-2025 and $865 million in VC funding in 2024 alone. The round reflects strong investor confidence amid rising competition from players like Plata and Ualá, with digital payments projected to dominate transactions in Latin America. Klar previously secured a $100 million debt facility from Victory Park Capital in 2023 to scale credit offerings. |
| Jun 2022 | Series C | General Atlantic (lead); Acrew Capital; Prosus; Endeavor Catalyst; IFC; WTI International; Mouro Capital; Quona Capital; Bossa Invest | $90M | - | - |
| Oct 2020 | Series A | Prosus Ventures (lead); Acrew Capital; FJ Labs; International Finance Corporation; Mouro Capital; Quona Capital | $15M | - | - |
| Sep 2019 | Seed | Quona Capital (lead); FJ Labs; Aspect Ventures; GE32 Capital; Mouro Capital; Western Technology Investment | $8M | - | - |
| Sep 2018 | Pre-seed | STARTegy Ventures (lead) | $5M | - | - |
Who has invested in Klar?
20 investors have backed Klar across its funding rounds, including Quona Capital, Mouro Capital, FJ Labs, General Atlantic, International Finance Corporation and Western Technology Investment.
Lead investors include General Atlantic, Prosus Ventures, Quona Capital and STARTegy Ventures.
Klar Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Sep 2019 | ||
| 4 | Lead | Sep 2019 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Lead | Jun 2022 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Lead | Oct 2020 | ||
| 1 | Lead | Sep 2018 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
This data is available for Pro users. Sign up to see all 20 Klar investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Klar
Klar has acquired 5 companies to date.
Last acquisition by Klar was on May 17th 2026. Klar acquired Yave for undisclosed valuation.
Latest Acquisitions by Klar
| Description | - | Mexico City-headquartered Bineo functions as a branchless digital bank accessible via mobile app throughout Latin America. Services include savings accounts, personal loans, and Pockets feature for segregated savings goals with growth options. Users receive virtual and physical debit cards without minimum balances or maintenance fees. Bineo collects transaction data to tailor financial products and expands its platform with personalized insights drawn from user behavior analytics. | Tribal is a Mexico City-based fintech platform supplying payment and financing tools to small and medium-sized businesses in Latin America. It issues multi-currency physical and virtual credit cards, facilitates local and international wire transfers, and provides short-term credit alongside expense management dashboards. Backed by SoftBank Latin America Fund, QED Investors, BECO Capital, Stellar Development Foundation, and Coinbase Ventures, Tribal participates in the Visa FinTech Fast Track program. | Tribal Mexico is a payment processing platform enabling businesses to settle invoices with suppliers in Mexico. It supports electronic transfers, bulk payments, and reconciliation tools integrated with accounting software. The service operates nationwide, handling transactions in Mexican pesos for commerce and service sectors. | |
| HQ Country | |||||
| HQ City | - | Mérida | San Francisco, CA | Mexico City | |
| Deal Date | 17 May 2026 | 4 Sep 2025 | 4 Dec 2024 | 3 Dec 2024 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Klar acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Klar Competitors
Klar competitors include listed companies like Judo Bank and Green Dot, and private ones like Juni, Tala, Zolve and TIFIN.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $800M | - | ||
| Private | - | - | $800M | - | ||
| Private | $25M | - | $800M | 32.0x | ||
| Publicly listed | $368M | - | $795M | 2.1x | ||
| Private | - | - | $842M | - | ||
| Publicly listed | $2.1B | ($12M) | $751M | 0.3x |
Klar Public Comps
Klar is still privately-owned, but its public comps include Judo Bank, Green Dot, Bank Jago, Wema Bank, Forbright Bank, Superbank Indonesia, Agibank, Rhino Bitcoin, Morrow Bank and Valu.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $368M | - | 2.2x | 2.1x | - | - | |||
| $2.1B | ($12M) | 0.4x | 0.3x | (63.9x) | 4.2x | |||
| $145M | - | 5.1x | 3.7x | - | - | |||
| $312M | - | 2.8x | - | - | - | |||
| $325M | - | 2.9x | - | - | - | |||
| $89M | - | 10.8x | - | - | - | |||
| $1.3B | $227M | 0.8x | 0.6x | 4.4x | 5.3x | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
This data is available for Pro users. Sign up to see all Klar competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Klar
| When was Klar founded? | Klar was founded in 2019. |
| Where is Klar headquartered? | Klar is headquartered in Mexico City, Mexico. |
| Is Klar publicly listed? | No, Klar is a private, VC-backed company. |
| What is Klar's valuation? | Klar was last valued at $800M in its Series C in June 2025. |
| How much funding has Klar raised? | Klar has raised $288M across 5 funding rounds. |
| What was Klar's last funding round? | Klar's last funding round was a $170M Series C in June 2025, led by General Atlantic. |
| Who are Klar's investors? | Klar's investors include Mouro Capital, Quona Capital, Acrew Capital, FJ Labs, General Atlantic, International Finance Corporation, Western Technology Investment, Prosus Ventures, STARTegy Ventures, Grupo Fórmula and 10 others. |
| Which companies are comparable to Klar? | Companies comparable to Klar include Juni, Tala, Zolve, Judo Bank, TIFIN and Green Dot. |
| How many companies has Klar acquired? | Klar has acquired 5 companies, including Yave, Bineo, Tribal, Tribal mexico and Somos Cred Capital. |
See companies similar to Klar
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




