About albo
albo is a company based in Cuauhtemoc (Mexico) founded in 2016 by Angel Sahagun Fernandez.. albo has raised $111.4 million across 6 funding rounds from investors including Omidyar Network, SixPoint Capital Management and Morpheus Ventures. albo has completed 1 acquisition, including Delt Ai. albo offers products and services including Debit Account, Credit Service, Payroll Management, Savings Features, and Cryptocurrency Trading. albo operates in a competitive market with competitors including Nubank, Revolut, Techreo, Covalto and Bankaool, among others.
- Headquarter Cuauhtemoc, Mexico
- Founders Angel Sahagun Fernandez
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Inteligencia En Finanzas S.A.P.I. De C.V., Ifpe
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$111.4 M (USD)
in 6 rounds
-
Latest Funding Round
$60 M (USD), Debt – Conventional
Oct 22, 2024
-
Investors
Omidyar Network
& 7 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of albo
albo offers a comprehensive portfolio of products and services, including Debit Account, Credit Service, Payroll Management, Savings Features, and Cryptocurrency Trading. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for daily transactions and international payments
Provides quick loans for personal and business expenses
Tool for handling employee payments and finances
App-based options for saving and categorizing funds
Platform for buying and selling digital assets
Unlock access to complete
Funding Insights of albo
albo has successfully raised a total of $111.4M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $60 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $60.0M
-
First Round
First Round
(12 Dec 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Debt – Conventional - albo | Valuation |
investors |
|
| Sep, 2023 | Amount | Series C - albo | Valuation | Morpheus Ventures | |
| Dec, 2020 | Amount | Series B - albo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in albo
albo has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Omidyar Network, SixPoint Capital Management and Morpheus Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Hybrid capital is offered by SixPoint for FinTech growth.
|
Founded Year | Domain | Location | |
|
Early-stage technology investments are managed by Morpheus Ventures.
|
Founded Year | Domain | Location | |
|
Global investments in tech sectors are conducted by Valar Ventures.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by albo
albo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Delt Ai. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Digital banks for businesses
|
2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - albo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Albo Comparisons
Competitors of albo
albo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nubank, Revolut, Techreo, Covalto and Bankaool, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
|
|
| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
|
|
| domain | founded_year | HQ Location |
Wallet-enabled money transfers and bill payments are provided.
|
|
| domain | founded_year | HQ Location |
Digital banking and financial services are provided to SMEs.
|
|
| domain | founded_year | HQ Location |
An internet-first bank providing services to individuals, SMEs, and agribusinesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Albo
Frequently Asked Questions about albo
When was albo founded?
albo was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is albo located?
albo is headquartered in Cuauhtemoc, Mexico. It is registered at Cuauhtemoc, Chihuahua, Mexico.
Who is the current CEO of albo?
Angel Sahagun Fernandez is the current CEO of albo. They have also founded this company.
Is albo a funded company?
albo is a funded company, having raised a total of $111.4M across 6 funding rounds to date. The company's 1st funding round was a Series B of $45M, raised on Dec 12, 2018.
What does albo do?
Albo was founded in 2016 in Cuauhtemoc, Mexico, as an internet-first bank focused on retail and business banking. Services offered include personal and business accounts, debit and credit cards, payments, loans, and solutions for cryptocurrency transactions. Operations are conducted digitally, with an app available for Android and iOS platforms to support user access across the region.
What products or services does albo offer?
albo offers Debit Account, Credit Service, Payroll Management, Savings Features, and Cryptocurrency Trading.
How many acquisitions has albo made?
albo has made 1 acquisition, including Delt Ai.
Who are albo's investors?
albo has 8 investors. Key investors include Omidyar Network, SixPoint Capital Management, Morpheus Ventures, Valar Ventures, and Nazca.