- Albo raised $45 million in a Series B funding round, putting its total raised at more than $72 million
- The round featured participation from investors Valar Ventures, Greyhound Capital, and Mountain Nazca
- Valar Ventures, which also took part in albo’s Series A round last year, previously invested in N26 and Transferwise
- Albo retains its position as Mexico’s largest challenger bank, telling TechCrunch it has a network of 30,000 retail locations
- The neobank aims to target Mexicans in the middle and low-income bracket, and act as a transitory agent as they move from cash to digital
- Albo founder Angel Sahagun estimates his bank has an addressable market of around 59 million people
