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Startup cashes in on funding in Mexico

Thursday, December 12, 2019


Another startup hoping to capitalize on the fintech opportunity in Mexico has closed on a new sum of funding.

Mexican challenger bank Albo has secured a $19 million extension to its Series A financing, led by U.S.-based Valar Ventures. The neobank previously raised $7.4 million at the beginning of the year, bringing the company’s total Series A funding amount to $26.4 million, Tech Crunch reports.