Mouro Capital, the US$400 million successor fund of fintech-specialist Santander InnoVentures, has participated in a round of funding for Klar, the 100% digital, transparent, free and secure alternative to traditional debit and credit services in Mexico.

Klar, a leading challenger bank in Mexico, closed on US$15 million in Series A funding led by Prosus Ventures (formerly Naspers Ventures) with participation from new investor International Finance Corporation and former investors Quona capital who led Klar´s SEED round, Mouro Capital and aCrew. The round brings the total debt and equity funds raised to approximately $73 million since the company was founded in 2019.

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Banco Santander SA published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 14:14:02 UTC