Klar, believed to be Mexico’s largest digital bank, lands $70M in General Atlantic-led round

Mexico City-based digital bank Klar has raised $70 million in equity funding at a valuation of $500 million, the startup announced today.
The raise follows a period of hyper-growth for the company. Klar experienced a “7x” year-over-year increase in revenue and 4x bump in transaction volume over the same time period,  according to Klar co-founder and CEO Stefan Möller. Also over the past 12 months, Klar added 1.4 million customers and originated over $!00 million worth of loans.
“We’re starting to see the benefits of scale slowly starting to kick in,” Möller told TechCrunch in an interview. “We

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