The company Klar is experiencing significant growth in the Mexican financial sector, demonstrating that it can compete with traditional banks in terms of fundraising, profitability, and portfolio. Stefan Möller, the company's CEO, highlighted that they are prepared to face future challenges and foresee changes in the constellation of the sector.
Klar stands out for its access to the financial system for those who were previously denied this opportunity, which has contributed to expanding the reach of financial inclusion in Mexico. The company's strategy has focused on advancing step by step in its transformation as a fintech company, scaling its business in accordance with current regulations.
Stefan Möller emphasized the importance of Mexican companies to demonstrate that they can offer high-quality financial services, competing with international players. Klar aims to become a financial institution recognized for its technological capabilities and excellent service.
The company currently operates as a Popular Financial Society (Sofipo), although it has applied for a banking license from the National Banking and Securities Commission (CNBV) for 2024. This does not hinder its operations or growth plans, as it awaits the resolution of this process in early next year.
Regarding growth and profitability in a highly competitive sector, Klar has managed to maintain itself thanks to its operational efficiency and focus on technology. The company has a capitalization ratio of 133.20%, and its outstanding loan portfolio reached 4.4 billion pesos, primarily intended for consumer purposes.
The expected "clean-up" of the financial sector will result in stronger, better-capitalized institutions with more robust offerings for users. Klar, with 3.5 million customers by the end of 2024, positions itself as a competitive alternative within the industry, challenging the dominance of foreign financial groups in the Mexican market. The company projects to continue scaling among the leaders of the sector, contributing to the digital transformation in banking in Mexico.
