Fundraising Fox

Albo

also invests · investor profile

Founded 2016 · 213 employees on LinkedIn · 6 known investors

albo is a Mexican digital financial institution (IFPE authorized by the CNBV) offering a fully digital personal account with a Mastercard debit card, transfers, bill payments, and access to credit and crypto through commercial partners. It also provides albo empresa, a business platform for managing company payments, payroll cards, and bulk transactions for businesses in Mexico.

ConsumerEnterprise SoftwareFintech

Founders & leadership

Albo was founded in 2016 by Angel Sahagun Fernandez.

AS
Angel Sahagun FernandezinCEO and Founder

Investors · 6

Flourish VenturesSan Francisco · $100K – $5M
Magma PartnersAustin
NazcaMexico City
South Quad
Valar Ventures LlcSan Francisco · $100K – $5M
Morpheus Venturesreported · 2 sourcesSherman Oaks · $1M – $10M

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through Albo went on to found or lead other companies.

Héctor SepúlvedaBoard MemberFounded FilipCarlos Julio GarciaMember of the Board of DirectorsFounded Kavak

Competitors · 2

by search overlap
Wise4 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Vexi4 shared keywordsVexi is a Mexican credit card issuer offering a consumer credit card (including a Vexi American Express card) with cashback, interest-free installment purchases, and card controls through its app. It is registered with Mexico's CNBV and regulated by PROFECO, serving adult consumers residing in Mexico.

Companies competing with Albo for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Fintech startup Albo raises $40M series C round - LatamListlatamlist.com · Sep 2023Mexican neobank Albo raises $40m in Series C funding roundfintechfutures.com · Sep 2023Mexican challenger albo raises $45m in Series B funding roundfintechfutures.com · Dec 2020Albo raises $45M to be Mexico’s leading neobank - LatamListlatamlist.com · Dec 2020Mexico-based challenger bank Albo secures USD 19 mln in funding roundthepaypers.com · Dec 2019Mexican challenger bank Albo raises $7mfintechfutures.com · Jan 2019

Frequently asked questions

What does Albo do?
albo is a Mexican digital financial institution (IFPE authorized by the CNBV) offering a fully digital personal account with a Mastercard debit card, transfers, bill payments, and access to credit and crypto through commercial partners. It also provides albo empresa, a business platform for managing company payments, payroll cards, and bulk transactions for businesses in Mexico.
Who founded Albo?
Albo was founded by Angel Sahagun Fernandez in 2016.
Who are Albo's investors?
Albo's investors include Flourish Ventures, Magma Partners, Nazca, South Quad, Valar Ventures Llc, Morpheus Ventures.