Mexico-Based Fintech Klar Announces $190M Series C and $800M Valuation

Gunderson Dettmer represented client Klar, a leading digital financial services provider, in Klar’s $190 million Series C financing led by General Atlantic, which brings the company’s valuation to $800 million.

Klar offers app-based financial products and services to Mexico-based consumers and small businesses, providing an alternative to traditional banks and recently expanding into B2B payments. The company will use its new capital to accelerate product development and explore growth opportunities in the fintech landscape.

In the announcement of the transaction, Klar CEO Stefan Moller Alvarez de Castillo said, “With the recent breakthroughs in AI, we now find ourselves able to build today what we once thought wouldn’t be possible until 2050. This funding gives us the fuel to get there even faster.”

The Gunderson deal team was led by Brad Krack and included Federico Varni, Francisco Mont’Alverne, Alan Gao and Felipe Hasenohr.

Companies
Klar
General Atlantic