Klar begins banking license process

“The regulatory process to obtain a banking license in Mexico is rigorous and includes several stages, such as the presentation of the file to the authorities, detailed evaluations, operational reviews and, finally, authorization to begin operations as a regulated bank. At Klar, we deeply respect this process and are committed to working transparently and ethically at every stage. We understand that this path will take time, but we are confident that it will lay a solid foundation for our future,” said Stefan Möller, founder and CEO of Klar, in a statement.

The company mentions that in five years, it has managed to consolidate itself in the Mexican financial sector, exceeding 20,000 million pesos in credit disbursements and seeking to reach various audiences, such as beginners and premium users with the Platinum Card.

“Obtaining a banking license has the potential to open the door for Klar to offer more diversified products that reinforce financial inclusion. If achieved, it could guarantee greater security for client deposits, aligning with the highest standards of the banking industry, and allow the development of solutions designed to respond efficiently and accessible to the needs of the Mexican market,” says Klar. in his statement.

If this happens, the financial institution also plans to support SMEs through an offer of services such as payroll management, expense optimization and access to financing.

Klar is a Sofipo authorized by the National Banking and Securities Commission (CNBV), and supervised by the Federal Government, under the Popular Savings and Credit Law.