Klar

Klar is a Mexico-based FinTech company and a fully digital bank founded in 2019.

It aims to democratize financial access for the underbanked and underserved populations in Mexico, providing transparent and fee-free financial services. With its headquarters in Mexico City and an additional presence in Berlin, Klar has raised over $332.5 million in funding, achieving a valuation above $800 million. Klar operates through a mobile application available on iOS and Android, offering a range of services including a digital savings account, a no-annual-fee credit card, personal loans, and investment options. The platform features an AI-driven risk engine to assess creditworthiness, making it accessible for users without traditional credit histories. Klar serves over 2 million users, focusing on providing affordable financial products that promote financial freedom without hidden fees.