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Its CEO, Stefan Möller, told them that Klar is starting to see the benefits of scaling, gaining traction, doing it more profitably, and adding users organically. However, he declined to provide revenue and total customer figures.
Founded in 2019, Klar is a fully digital bank in the vein of companies like California-based Chime. It plans to use the new capital to further push its banking-based model to the Mexican population (where an estimated 50% of the population is unbanked). In addition, Möller told Reuters that it would help them explore strategic acquisitions.
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