Klar
Mexican credit-led neobank.
- Who holds it
- The company itself — it holds a full banking licence — SOFIPO license (CNBV, Mexico); acquiring Bineo for its bank license, approvals pending.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Klar’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| AI | AI underwriting in production |
| HQ | Mexico City, MX |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | SOFIPO license (CNBV, Mexico); acquiring Bineo for its bank license, approvals pending |
| Card | MC · Debit + credit |
| Cashback | Up to 4% |
| Yield | Cetes-linked yield |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Countries | Mexico |
| Founders | Stefan Möller, Daniel Autrique |
| Funding | ~$500M incl. debt |
Verified links: official site ↗ · @klarmx ↗
Common questions about Klar
What is Klar?
Klar is a fiat neobank, headquartered in Mexico City, MX and founded in 2019. Your money is held custodially, so Klar or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (SOFIPO license (CNBV, Mexico); acquiring Bineo for its bank license, approvals pending).
Does Klar have a card, and where can you use it?
It issues a Mastercard debit and credit card. It is available in Latin America.
Does Klar require KYC?
Yes. Klar requires identity verification (KYC) to open an account, as a licensed bank.
What does Klar cost?
From the verified fields: cashback Up to 4%; yield Cetes-linked yield. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Klar before relying on them.
Early investors
Head-to-head
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Nequi
Klar appears in
Neobanks that hold their own banking license (132) · Neobanks available in Latin America (113) · Neobanks that issue a Mastercard (150) · Neobanks in Mexico (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.