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Mexican fintech company Klar acquires Tribal for SMB push

Klar acquired Tribal's payment and financing solutions, business intelligence tools, and risk models, and expects the deal to create a virtuous cycle, boosting both business and consumer growth. 

"We believe B2B together with B2C creates a very powerful engine for market expansion," Klar CEO Stefan Möller said. "By combining Tribal's SME DNA with Klar's infrastructure, we can offer businesses and their employees tools neither of us could provide alone," Tribal's Shady added.

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em, mexico, m&a