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Klar Moves to Acquire Bineo Digital Bank From Banorte
12 Articles
12 Articles
Financial Group Banorte reported yesterday that it sold the assets and license of its digital bank Bineo to Klar, an institution that was seeking that permission.
Financial Group Banorte agreed to the sale of Bineo, which had been launched as the first 100 percent digital bank in Mexico with its own banking license only in January 2024, to a subsidiary of the fintech Klar. Without revealing the amount of the operation, which includes the license of Bineo, it indicated that the measure goes in line with its strategy of "integrating all digital capabilities" in Banorte.
Sofipo Klar bought from Banorte Bineo Bank
Klar moves to acquire Bineo digital bank from Banorte
Mexican fintech company Klar has agreed to acquire Bineo, a digital bank owned by Grupo Financiero Banorte. Financial terms of the transaction were not disclosed. The acquisition, facilitated through Klar’s subsidiary Clearscope Holdings, signifies its progression towards securing a banking licence. Banorte’s decision to divest from Bineo comes less than two years after the digital bank’s inception. During the second quarter of this year,…
Financial Group Banorte informed its shareholders in the Mexican Stock Exchange of the sale of all the shares of Bineo. The firm detailed to the investor public that it concluded, as a seller, a contract of sale of shares with Clearscope Holdings, subsidiary of Klar Holdings Limited as a buyer. He said he agreed to acquire directly and indirectly all the shares representative of the share capital of Bineo, currently directly and indirectly owned.
Financial Group Banorte (GFNORTEO) sold the whole of its Bineo digital bank to a subsidiary of Klar Holdings, controller of the corporate group to which the Klar financial group belongs.In a statement, the financial group reported that the transaction is subject to approvals from the financial authorities Secretary of Finance, National Banking and Securities Commission, with the opinion of Banco de México, as well as the economic competition aut…
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