<ul data-eligibleForWebStory="true"><li>Mexican FinTech company Klar has secured $190 million in new funding, with a Series C round led by General Atlantic valuing the company at over $800 million.</li><li>Klar aims to accelerate product development to offer lower-cost, app-based financial products for consumers and small businesses, in a market where cash remains the dominant payment method.</li><li>The funding gives Klar the resources to leverage breakthroughs in AI technology to enhance its offerings and compete in the growing FinTech landscape in Mexico, where other companies like Plata and Ualá are also raising funds.</li><li>Latin American consumers are increasingly embracing digital payments, with projections indicating a rise in digital payment adoption over the coming years and a decline in cash usage, reinforcing the shift towards a cashless society.</li></ul>

Klar Raises $190 Million As Latin America Goes Cashless

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