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Podcast: Wharton FinTech Podcast
Episode: Rewriting the History of Banking - Stefan Möller, Co-Founder & CEO of Klar
Description: In this episode, Miguel Armaza interviews Stefan Möller, Co-Founder and CEO of Klar, a Mexican challenger bank working to democratize debit and credit in Mexico. Klar is making credit accessible to all Mexicans, including those with no credit history. It helps people build credit by looking at how and where they spend their money, without having to rely on obsolete and traditional credit scores.
Klar’s business has experienced rapid growth having issued over 25,000 credit lines amongst its 200,000 customers in less than 12 months and their growth has tripled during the pandemic.
Klar has raised almost $73 million in debt and equ...