Mexico-Based Challenger Bank Klar Secures $15 Million

Klar, a Mexico-based challenger bank, announced on Monday it secured $15 million through its Series A funding round, which was led by Prosus Ventures with participation from new investor International Finance Corporation and former investors Quona capital, who led Klar’s seed round, Mouro Capital (formerly Santander Innoventures) and aCrew. The investment round brings Klar’s total funding to $72 million.

As previously reported, Klar states it is looking to offer an alternative to traditional credit cards and debit services. Services are available via mobile app, without traditional fees found at banks. The bank claims its services are designed to be 100% digital, transparent, free and easy to use for consumers.

Read more: Crowdfund Insider