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Klar Raises $57.5M in Funding to Democratize Banking in Mexico

Mexico City based challenger bank has raised a $7.5m Series Seed led by Quona Capital.  The company also raised $50m of debt financing.

Klar is an international team of 30 people with offices in Mexico and Berlin, led by its co-founders Stefan Moller, Daniel Autrique, and Gianluigi Davassi. Each of the founders brings unique experience to bear on the company: Moller, Klar's CEO, has focused his career on helping tech companies in Mexico and Germany; Autrique, Klar's CFO, is a Stanford-educated Mexican economist; and Davassi, Klar's CTO, previously helped build N26, today valued at almost $4 billion.

Tags

challenger banks, financing, emerging markets