albo - About the company
albo is a series C company based in Cuauhtemoc (Mexico), founded in 2016 by Angel Sahagun Fernandez. It operates as an Internet first bank offering retail and business banking. albo has raised $111M in funding from investors like Valar Ventures, Nazca and Morpheus Ventures. The company has 2494 active competitors, including 207 funded and 119 that have exited. Its top competitors include companies like Nubank, Monzo and Chime.
Company Details
Internet first bank offering retail and business banking. It offers financial services like personal accounts, business accounts, debit cards, payments, credit cards, loans, and more. It also offers solutions for buying and selling cryptocurrency. Its app is available for Android and iOS users.
- Website
- albo.com
- Email ID
- *****@albo.mx
- Phone Number
- +52 **********
Key Metrics
Founded Year
2016
Location
Cuauhtemoc, Mexico
Stage
Series C
Total Funding
$111M in 6 rounds
Latest Funding Round
Investors
Ranked
81st among 2494 active competitors
Employee Count
209 as on May 31, 2026
Investment & Acquisitions
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albo's funding and investors
albo has raised a total funding of $111M over 6 rounds. Its first funding round was on Dec 12, 2018. Its latest funding round was a Conventional Debt round on Oct 22, 2024 for $*****. 1 investor participated in its latest round. albo has 18 institutional investors.
Here is the list of recent funding rounds of albo:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 22, 2024 | 7723750 | Conventional Debt | 3858773 | 8841156 | 7504755 | 7146953 |
Sep 28, 2023 | 8614887 | Series C | 6422804 | 5960389 | 4592534 | |
Dec 08, 2020 | 9820266 | Series B | 3297387 | 8047436 | 3766533 |
View details of albo's funding rounds and investors
albo's founders and board of directors
Founder? Claim ProfileThe founders of albo is Angel Sahagun Fernandez. Angel Sahagun Fernandez is the CEO of albo.
Here are the details of albo's key team members:
- Angel Sahagun Fernandez: Founder & CEO of albo and founder of 2 other companies, albo and MisRentas. Contact Info: 3 email addresses
View details of albo's Founder profiles and Board Members
albo's employee count trend
albo has 209 employees as of May 26. Here is albo's employee count trend over the years:
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albo's Competitors and alternates
Top competitors of albo include Nubank, Monzo and Chime. Here is the list of Top 10 competitors of albo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital banking services, including credit cards and accounts | $2.27B | 89/100 | ||
2nd | Monzo 2015, United Kingdom, Series I | Provider of digital banking services including accounts savings and credit | $2.41B | 84/100 | |
3rd | Chime 2012, San Francisco (United States), Public | Digital bank for individuals | $3.15B | 83/100 | |
4th | Mercury 2017, San Francisco (United States), Series D | Provider of a comprehensive online platform offering a range of financial services | $546M | 83/100 | |
5th | Starling Bank 2014, London (United Kingdom), Series D | Provider of digital banking services including personal and business accounts | $1.01B | 83/100 | |
6th | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 82/100 | |
7th | Provider of business account, payment cards, and financial management solutions | $717M | 82/100 | ||
8th | Ally 1919, Detroit (United States), Public | Provider of banking, auto finance, investing, and life insurance products | $1.3B | 81/100 | |
9th | Dave 2016, Los Angeles (United States), Public | Developer of a mobile banking application offering financial management tools | $63.6M | 81/100 | |
10th | BlueVine 2013, Redwood City (United States), Series F | Provider of business checking accounts, business loans, and business credit cards | $288M | 80/100 | |
81st | Internet first bank offering retail and business banking | $111M | 62/100 |
Looking for more details on albo's competitors? Click here to see the top ones
albo's Investments and acquisitions
albo has acquired Delt Ai. albo has not made any investments as of now.Reports related to albo
Here is the latest report on albo's sector:
News related to albo
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Albo secures $60M credit line from SixPoint CapitalLatamList•Oct 22, 2024•albo, SixPoint Capital Management
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Gobarto plans acquisition of Albo in meat industry consolidationFood Business Africa•Feb 26, 2024•Gobarto, albo
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Gobarto has a conditional agreement to take over the company or from Radom for max.PLN 17 milliongospodarka.sos.pl•Jan 05, 2024•Gobarto, albo
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albo Raises US$40M in Series C FundingFinSMEs•Oct 02, 2023•albo, Morpheus Ventures, Valar Ventures, Nazca and 1 other
•
Mexican Fintech Albo Raises $7.4 Million in Series A Funding RoundOmidyar Network•Jan 22, 2019•Greyhound Capital, albo, Mountain Nazca, Omidyar Network and 2 others
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