DiscoverStartupsKlar Technologies
Klar Technologies  company logo
Leading Challenger Bank in Mexico with Offices in Berlin, Germany 51-200 Employees
  • Scale Stage
    Rapidly increasing operations
  • Top Investors
    This company has received a significant amount of investment from top investors
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Klar Technologies careers

Leading Challenger Bank in Mexico with Offices in Berlin, Germany
Klar is working hard to bring digital banking to everyone in Mexico.

We have been working to democratize financial services in Mexico since 2019 by offering a 100% digital, transparent, free and secure alternative to traditional credit and debit services. Unlike traditional financial institutions, Klar provides consumers with a unique set of features and benefits, including:

* Simplicity: consumers can open an account online in 5 minutes through the Klar app.
* Zero Costs: Klar requires no minimum balance and charges no fees.
* Cashback: Klar rewards consumers with 1- 4%, it is the only debit account in Mexico giving cashback.
* Easy to Understand Credit Terms: Klar breaks down principal and interest into installments that are easy to understand and manage.
* Fair Credit Assessment: Klar assesses creditworthiness from your account history, not through a credit bureau.
* Security: Klar is powered by Mastercard, Banco de Mexico and protected by the highest standards in the industry.

We’ve built a new banking infrastructure core that aligns with the financial needs of consumers and allows us to service a massive segment of the population in Mexico that has previously been left behind when it comes to financial services.

Klar is making credit accessible to all Mexicans, including those with no credit history.

We help people build credit by looking at how and where they spend their money, instead of being stuck with traditional credit scores that are backward looking and obsolete.

Klar’s business has experienced rapid growth having issued over 25,000 credit lines amongst its 200,000 customers in less than 12 months since inception. Moreover, the business has shown significant resiliency to the Covid-19 crisis, as growth has tripled during the pandemic.

We are a co-located company with Offices in Berlin, Germany and Ciudad de México, México.













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Valuation

$0

Funded over

4 rounds

Latest round

Series B (Jul 2021)

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