Albo
Type
startup
Founded
2016
Funding captured
$60.0m
Deals captured
1
About Albo
Albo is a Mexican mobile-first financial services provider and authorized institution of electronic payment funds (IFPE) regulated by the CNBV. It offers personal and business accounts, an international Mastercard debit card with no commissions, payroll and corporate accounts for SMEs, instant transfers, personal and business credit via commercial partners, and integrated cryptocurrency buying/selling through a partner. The platform focuses on simple, fee-free digital banking features, account segmentation (Spaces), instant notifications, and services designed to increase financial inclusion for salaried users, the unbanked, and small businesses. More than 2 million people use its services in Mexico.
Albo funding captured (1)
| Deal type | Stage | Date | Amount | Investors |
|---|---|---|---|---|
| Debt | Unspecified | Oct 22, 2024 | $60.0m |