Klar Valuation, Funding & Investors

Klar is valued at $800M as of June 2025.

See full Klar profile

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

Klar Overview

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

MexicoMexico City

Website

klar.mx

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$800M (Jun 2025)

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

Klar valuation by funding round
DateStageValuation
Jun 2025Series 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

Klar funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2025Series CGeneral Atlantic (lead); Grupo Fórmula; Citius; International Finance Corporation; Televisa; Mouro Capital; Western Technology Investment; Prosus Ventures; Santander; Quona Capital$170M$800MKlar 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 2022Series CGeneral Atlantic (lead); Acrew Capital; Prosus; Endeavor Catalyst; IFC; WTI International; Mouro Capital; Quona Capital; Bossa Invest$90M--
Oct 2020Series AProsus Ventures (lead); Acrew Capital; FJ Labs; International Finance Corporation; Mouro Capital; Quona Capital$15M--
Sep 2019SeedQuona Capital (lead); FJ Labs; Aspect Ventures; GE32 Capital; Mouro Capital; Western Technology Investment$8M--
Sep 2018Pre-seedSTARTegy 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

Investors in Klar by funding rounds participated
InvestorHQRoundsRoleFirst check
Mouro CapitalUnited KingdomLondon4ParticipantSep 2019
Quona CapitalUnited StatesWashington, DC4LeadSep 2019
Acrew CapitalUnited StatesSan Francisco, CA2ParticipantOct 2020
FJ LabsUnited StatesNew York City, NY2ParticipantSep 2019
General AtlanticUnited StatesNew York City, NY2LeadJun 2022
International Finance CorporationUnited StatesWashington, DC2ParticipantOct 2020
Western Technology InvestmentUnited StatesSan Francisco, CA2ParticipantSep 2019
Prosus VenturesNetherlandsAmsterdam2LeadOct 2020
STARTegy VenturesMexicoCiudad Juárez1LeadSep 2018
Grupo FórmulaMexicoMexico1ParticipantJun 2025
ProsusNetherlandsAmsterdam1ParticipantJun 2022
Aspect VenturesUnited StatesSan Francisco, CA1ParticipantSep 2019
GE32 CapitalBrazilSão Paulo1ParticipantSep 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

Yave
Bineo
Tribal
Tribal mexico
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 CountryMexicoMexicoUnited StatesMexico
HQ City
-
Mérida
San Francisco, CA
Mexico City
Deal Date17 May 20264 Sep 20254 Dec 20243 Dec 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Klar Competitors

Klar competitors include listed companies like Judo Bank and Green Dot, and private ones like Juni, Tala, Zolve and TIFIN.

Public and private companies comparable to Klar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
JuniSwedenGöteborgPrivate--$800M-
TalaUnited StatesLos Angeles, CAPrivate--$800M-
ZolveIndiaBangalorePrivate$25M-$800M32.0x
Judo BankAustraliaAustraliaPublicly listed$368M-$795M2.1x
TIFINUnited StatesBoulder, COPrivate--$842M-
Green DotUnited StatesUnited StatesPublicly listed$2.1B($12M)$751M0.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Judo Bank$368M-2.2x2.1x--
Green Dot$2.1B($12M)0.4x0.3x(63.9x)4.2x
Bank Jago$145M-5.1x3.7x--
Wema Bank$312M-2.8x---
Forbright Bank$325M-2.9x---
Superbank Indonesia$89M-10.8x---
Agibank$1.3B$227M0.8x0.6x4.4x5.3x
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-

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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.

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