Mexican challenger Klar lands $100m debt facility to expand credit product offerings
The new facility has been provided by US investment firm Victory Park Capital.
The new facility has been provided by US investment firm Victory Park Capital.
The facility is being provided by Chicago-based investment firm Victory Park Capital.
In addition, the company has also raised $20 million in new equity financing from its existing investors.
Once approved, small businesses will have instant access to up to $75,000 of working capital.
The two parties claim the deal will be finalised later this year.