Industry Newsroom

albo Secures USD19 Million in Series A Extension Round

Mexico-based digital bank albo has raised USD19 million in an extension to its Series A funding round led by Valar Ventures, a fintech-focused venture capital firm. albo initially raised USD7.4 million in Series A funding from Mountain Nazca, Omidyar Network, and Greyhound Capital in December 2018. The company plans to use the funds to expand its product offerings and invest in its team.