Klar, a Mexican digital banking services provider, has received $57.5 million in a fresh financing round.
The new funding round was conducted by Washington-based venture capital firm Quona Capital.
Additionally, other backers including Santander Innoventures, aCrew, FJ Labs, Arc Labs, and Western Technology Investment also participated in the round.
With the money raised from the funding, Klar intends to launch its product in Mexico, and reach 100,000 new users in 2020.