English
GALILEO WELCOMES MEXICAN FINTECH KLAR

Galileo Welcomes Mexican Fintech Klar

May 5, 2020

Klar chose to partner with Galileo to address what the company’s CEO Stefan Möller calls, a phenomenal opportunity in Mexico.

Klar, Galileo’s first client in Mexico, is on a mission to democratize banking services. From its base in Mexico City, Klar offers alternatives to Mexico’s traditional credit cards and debit services, and is expanding financial services across all demographics—from the 50 percent of the Mexican population that is unbanked to consumers who already have bank accounts but are looking for a better option and a fabulous customer experience. Klar chose to partner with Galileo to address what the company’s CEO Stefan Möller calls, a phenomenal opportunity in Mexico. “Our partnership with Galileo is another big step towards building world class financial products tailored to the Mexican market,” he said. “We’re building Mexico’s most advanced financial services infrastructure and because of their quality and reliability, Galileo was the obvious partner.” Started less than a year ago, Klar has raised $57.5 million in seed funding, which—according to Crunchbase—is one of the largest seed rounds ever recorded in Mexico. Last week, Galileo announced it is the first API software innovator to secure Mastercard certification and launch as part of Mastercard’s Fintech Accelerator program in Mexico.

Click here to read more about what Galileo’s Mastercard certification means to meeting the growing consumer demand for digital financial services in Mexico.

July 2, 2025

How LatAm Banks Can Protect Customers in the Age of Distracted Banking

Banks can combat distracted banking fraud in LatAm through enhanced security measures, education campaigns, and streamlined verification processes.

See More
July 1, 2025

How LatAm Can Lead Global Open Banking Innovation

Latin America can lead open banking innovation by learning from Europe’s regulatory challenges and market limitations.

See More
June 18, 2025

How Smart Fleet Cards Can Fuel Customer Loyalty in LatAm

Smart fleet cards are driving customer loyalty in Latin America through streamlined operations and enhanced financial services.

See More
June 12, 2025

How Banks Can Turn Every Account into a Sustainable Growth Engine

Learn how banks can unlock growth by reducing acquisition costs, boosting activation, and maximizing customer lifetime value strategically.

See More
June 4, 2025

The Key Challenges of Co-Branded Debit that Brands Must Solve

Launching a co-branded debit card? Learn the hidden complexities, regulatory challenges and resource demands to maximize ROI and customer loyalty.

See More