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
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Inteligencia En Finanzas S.A.P.I. De C.V., Ifpe
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$111.4 M (USD)
in 6 rounds
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Latest Funding Round
$60 M (USD), Debt – Conventional
Oct 22, 2024
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Investors
Omidyar Network
& 7 more
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Employee Count
Not available
- Investments & Acquisitions
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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.
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
People of albo
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Hybrid capital is offered by SixPoint for FinTech growth.
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Early-stage technology investments are managed by Morpheus Ventures.
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Global investments in tech sectors are conducted by Valar Ventures.
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Investor details for albo
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Investments & Acquisitions by albo
albo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Delt Ai.
Investment portfolio details for albo
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Digital banks for businesses
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Complete acquisition details for albo
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Financial Statements - albo
Detailed financials for albo
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Albo Comparisons
Peer comparison for albo
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital banking services are offered to individuals and businesses.
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Banking solutions are provided for retail customers and businesses.
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Wallet-enabled money transfers and bill payments are provided.
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Digital banking and financial services are provided to SMEs.
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An internet-first bank providing services to individuals, SMEs, and agribusinesses.
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Detailed competitors of albo
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Latest news on Albo
Complete news archive for albo
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Frequently Asked Questions about albo
albo was founded in 2016 and raised its 1st funding round 2 years after it was founded.
albo is headquartered in Cuauhtemoc, Mexico. It is registered at Cuauhtemoc, Chihuahua, Mexico.
Angel Sahagun Fernandez is the current CEO of albo. They have also founded this company.
albo is a funded company, having raised a total of $111.4M across 6 funding rounds to date.
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.
albo offers Debit Account, Credit Service, Payroll Management, Savings Features, and Cryptocurrency Trading.
albo has made 1 acquisition, including Delt Ai.
albo has 8 investors. Key investors include Omidyar Network, SixPoint Capital Management, Morpheus Ventures, Valar Ventures, and Nazca.