Klara AI, a pioneering fintech startup, has today announced a collaboration with leading global fintech company Unlimit. The exciting new partnership will focus on launching a financial solution specifically tailored for women across the European Union.

Unlimit’s flexible and scalable BaaS solution will serve as the backbone of Klara AI's financial infrastructure. The collaboration will offer a Mastercard debit card; offering safe, secure and seamless transactions for Klara AI's customers.  With Unlimit’s robust, proprietary payment technology, Klara AI will not only be able to streamline operations but will also be able to offer a more comprehensive financial experience for its users. From seamless card issuing to frictionless payments across borders, Unlimit's capabilities will enable Klara AI to scale efficiently and provide services that are both secure and user-centric.

Founded in 2024, Klara AI has swiftly established itself as a frontrunner in using artificial intelligence to address gender disparities in financial services. The company's mission—to empower women through technology-driven financial solutions, education, and community—has captured the attention of industry leaders and investors alike.

"Our collaboration with Mastercard and Unlimit marks a significant milestone in our journey to revolutionize financial management for women," said Saya Nugusbayeva, CTO and co-founder of Klara AI. "By combining our AI-powered platform with Mastercard's global network and Unlimit's cutting-edge BaaS solution, we're creating a financial management experience that truly understands and addresses the unique financial needs of women in the EU."

"Our focus on women's needs allows us to identify and solve problems that have long been overlooked in the financial world," explained Darina Kurganbekova, Klara AI's COO. "From addressing the lending gap, to providing tools for financial independence, every aspect of our platform is designed with women's empowerment in mind."

“Financial inclusion isn't just a checkbox, it’s a commitment to creating opportunities, and to breaking down barriers that have stood for far too long," said Jovi Overo, Managing Director of Unlimit’s Banking as a Service division. "This collaboration with Klara AI and Mastercard isn’t just about offering another financial product, it's about fostering empowerment, self-reliance, and ownership. We’re not just solving a market need by empowering women; we’re unlocking the full potential of an economy that has been overlooked for far too long. We’re proud to stand with those who are building solutions that are not only innovative, but profoundly human.”

The commercial launch of Klara AI is scheduled for Q1 2025, when a phased rollout will take place across EU member states. This initiative represents a significant step forward in promoting financial inclusivity and addressing the unique challenges women face in the world of finance. Klara AI is now recruiting early adopters, offering exclusive benefits, lifetime premium features, and more.