Mexico’s Albo partners Paymentology to expand digital payment services
Albo plans to launch a new initiative with Mastercard to boost digital payments in Mexico.
Albo plans to launch a new initiative with Mastercard to boost digital payments in Mexico.
The round also saw participation from existing investors Valar Ventures and Nazca Ventures.
The acquisition makes Albo “the only neobank to offer debit and credit products for both consumers and SMBs”.
Albo has now raised just over $72 million across five rounds.
The round was led by Valar Ventures, PayPal founder Peter Thiel’s fund.
Series A funding round led by Mountain Nazca.
To tackle financial inclusion, LatAm’s banking industry needs to undergo changes and disruption.