Mexican neobank Klar acquires Tribal

Mexican neobank Klar acquired Tribal, a Mexican fintech that offers credit cards, payment accounts, and working capital financing for SMEs. As part of the deal, Tribal’s CEO Amr Shady and his team will join Klar.

Klar is a neobank that offers payment accounts, credit cards, credit, and investment products to individuals in Mexico.

With this acquisition, Klar will expand into the SME market by serving businesses that use Tribal’s services.