Klar raises $190 million
Mexican financial services company Klar raised $190 million in a new round of financing, consisting of $170 million in equity and $20 million in debt.
The round was led by General Atlantic and included participation from new and existing investors. New equity investors include Grupo Santander, DEG, Grupo Televisa, Grupo Fórmula, and Citius, joining existing investors Prosus, IFC, Mouro Capital, and Quona Capital. Klar's venture capital partner, WTI, also participated in the round.
The company said that with this investment, it will expand its presence in Mexico, accelerate product development, and actively explore growth opportunities aligned with its mission to build a stronger and more inclusive financial system for all Mexicans.
Lululemon Athletica has filed a lawsuit against Costco Wholesale, accusing it of selling knockoffs of its activewear at lower prices.
In a lawsuit filed Friday in federal court in California, Lululemon alleged that Costco has illegally taken advantage of Lululemon's reputation, goodwill, and hard work by selling unauthorized and unlicensed products featuring infringing copycat versions of its designs.
Lululemon is seeking damages and asking the court to order Costco to stop manufacturing, marketing, or selling the disputed items.
Progress Software is strengthening its artificial intelligence strategy through value-creating acquisitions while driving cost efficiencies across its operations, Wedbush said in a statement Tuesday.
The company "continues to strategically invest in agency and AI capabilities across its own products, while integrating AI into operational workflows to drive greater efficiency and optimize cost management initiatives," the release said.
Wedbush said the acquisition of Nuclia, a provider of agency RAG technology, will enhance its portfolio.
Referring to the company's fiscal second-quarter earnings performance, Wedbush noted that the company is seeing retention rates remain above 100%, indicating increased resilience with its software-as-a-service (SaaS) platform.
In a statement sent to the Mexican Stock Exchange (BMV), Traxión announced the addition of Solistica to its logistics portfolio.
The transaction, valued at approximately $80 million, represents a strategic advancement in its operating structure and strengthens its presence in high-value logistics services with national scale and regional reach.
As part of this transaction, Traxión acquired Solistica's operations in Mexico, Colombia, and Brazil, and simultaneously announced the divestment of its Colombian and Brazilian units through a consortium of key investors in Latin America. With this, the company reaffirmed its strategic focus on the Mexican market and adjusted its portfolio to maximize efficiency, profitability, and regional alignment.
The transaction allows Traxión to advance its goal of strengthening its asset-light model, with lower capital requirements and greater scalability. According to internal projections, this division could represent more than 50% of the company's consolidated revenue by 2026, in line with the growing demand for flexible logistics solutions.
Eleconomista
