Digital bank Klar raises US$70M

Founded in 2019, Klar is a fully digital bank in the vein of companies like California-based Chime. It plans to use its new capital of US $70 million to further push its banking-based model to the Mexican population (where an estimated 50% of the population is unbanked).

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Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

June 23, 2022

Mono, which as of March, had attracted more than 300 customers and achieved $1 million in total payment volume. Its workforce has grown to 25 employees, and the company expects to round out its senior leadership within the next year. To keep that momentum going, the company announced $6 million in seed funding led by Tiger Global. The new funds will enable Mono to plan for future expansion to other countries, like Mexico, Peru, Chile and Brazil.

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