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By Duncan Randall - Mon, 08/31/2026 - 12:36
Mexico's Sofipos hold just 3% of consumer credit but record an 11.2% non-performing loan ratio, leading defaults across the financial system.
https://mexicobusiness.news/tag/klar
More Finance & Fintech
By Duncan Randall - Thu, 07/16/2026 - 10:34
Mexico fintechs are increasingly pursuing banking licenses to cut funding costs and accelerate long-term growth.
By Duncan Randall - Tue, 06/23/2026 - 14:38
500 Global launched a LatAm fund investing up to US$300,000 in early-stage startups plus mentorship.
By Duncan Randall - Mon, 06/01/2026 - 13:48
Klar acquired Yave to expand into mortgages in Mexico, targeting a large housing credit gap.
By Óscar Goytia - Wed, 05/27/2026 - 14:08
Following a MX$19.9 million fine on Banorte and Rappi, Klar CEO Stefan Möller stressed strict compliance in its Uber partnership and Mexico operations
By Óscar Goytia - Tue, 05/26/2026 - 15:29
Uber and Klar launched the Uber Card in Mexico with Mastercard integration for 25 million users.
By Duncan Randall - Tue, 04/28/2026 - 23:58
Banorte reports MX$15.5 billion profit in 1Q26, up 1% YoY as the credit portfolio grows 6%.
By Óscar Goytia - Thu, 04/23/2026 - 13:54
At Mexico Finance & Fintech Summit, leaders say weak regulatory agility hinders Open Finance competitiveness vs Brazil and Colombia.
By Luis Hernandez - Wed, 04/22/2026 - 08:00
Latin American venture capital is rebounding in 2026, yet a funding gap persists for startups between seed and Series A, writes Luis Hernandez.
By Maca Lara Dillon - Mon, 02/16/2026 - 08:00
The market deployed US$7.74 billion across 270 transactions, but the real story lies in who received the money and the terms, writes Maca Lara Dillon.
By Mariana Allende - Mon, 01/12/2026 - 09:15
This year, Banxico gradually cut interest rates, which squeezed G7 bank profits, while CIBanco and Vector faced AML allegations.
