Press Release from Carey Olsen, Friday 11 July, 2025.
Carey Olsen’s corporate team in the Cayman Islands has advised Mexico-based digital bank Klar on its US$190 million Series C funding round, which values the company at over US$800 million.
The funding round, led by U.S. private equity firm General Atlantic, comprised US$170 million in equity and US$20 million in venture debt and has achieved backing from both new and existing investors, including Santander and Mexican media company Televisa.
Founded in in 2019 to provide a user-friendly digital platform for banking services, Klar now has over two million active users. Its latest funding round comes at a time when the region’s digital financial market is increasingly competitive, with the number of fintech companies in Mexico growing year on year as more people turn to online platforms for their banking needs.
The Carey Olsen team advising on the transaction comprised partner Trevor McCabe and senior associate Evan Stitt, working alongside onshore U.S. counsel Gunderson Dettmer.
Trevor McCabe commented: “Having already established itself as a key player in Mexico’s fintech sector, Klar has achieved a new milestone with its Series C funding round and subsequent increase in value to over US$800 million. Investors have recognised Klar’s potential for significant growth amid this competitive landscape, and we look forward to seeing how the company drives forward developments in the digital banking space as a result of this successful funding round.”
As Reported on MSM.com Wednesday 11 September, The trial of 27 people connected with the Panama Papers tax evasion scandal began in a Panamanian criminal court on Monday, some eight years after the
HMRC opened 1,091 serious tax investigations in the last year (March 31, 2023), says multinational law firm Pinsent Masons. These probes – known as ‘COP8’ and ‘COP9’ investigations – provide
UK Technology Secretary Peter Kyle announced plans last month for the Regulatory Innovation Office (RIO) to work with the Digital Regulation Cooperation Forum to cut red tape, and support fintech innovation.
Although the budget statement contained a variety of measures referring to work being carried out to bolster wealth management, for example, one eye-catching feature was a new top tax rate. Hong Kong’s