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albo is a mobile and branchless bank which helps you manage your money, and it can adapt to your lifestyle bringing you an honest service that cares about you. albo offers you a mobile banking app, a banking account, and a Mastercard card, allowing you to easily spend, save and invest your money.
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Albo empresas is this fintech’s secret weapon into the B2B world
Contxto – Mexican fintech, albo, is all in. Though the startup is best known for its banking app for individuals, it’s been quietly rolling out a new service to help businesses too: albo empresas (“businesses,” for those of you whose Spanish is on the rusty side). The startup launched it in January of this year, […]
There is one great equalizer for challenger and neo-banks in Mexico
Today we had our Morning Coffee with Sam Garcia, Senior Associate at Amplo—a venture fund Contxto – It is estimated that 42 million Mexicans are unbanked and that millions more are “underbanked”, meaning that they have a bank but it does not offer mobile services, or are just generally unhappy with their current banking situation. […]
Mexico’s challenger and neo-banks. Do you know the difference?
Contxto – I’ll confess I didn’t until quite recently. And I don’t blame you if you’re not exactly clear as to the difference between a neo- and a challenger bank is. Often the terms are used interchangeably. We thought we’d help to clarify a bit by rounding up these cream of Mexico fintech in a […]
Nubank wants you to know its newest credit card is really, really Mexican
Contxto – Nubank is a Brazilian neo-bank giant. It claims to be not only the biggest credit provider in Latin America, but rather one of the biggest worldwide. It certainly has the numbers to prove it, with over 22 million customers under its belt. However, on launching its credit card in Mexico, the fintech titan […]
Mexico’s Stori is the latest neobank to cash-in, US$10 million in Series A2
Contxto – It’s that time of the year again! Another Mexican neobank has raised funding. According to a PR Newswire press release, Mexican mobile-only neobank, Stori, has concluded a US$10 million Series A2 round. A2? I swear I thought that was either an Audi or a steak sauce. Anyways, moving on. The investment was co-led […]
Top 10 Venture Capital funds in Mexico
Contxto – There is another, less explored, facet of the startup equation. Indeed, no idea gets far without the money to do the walking. This is where venture capitalists (VCs) come in. And as one would expect, Venture Capital in Mexico and the rest of Latin America is no exception. Oft the mighty presences behind […]
The Economist wants you at Finance Disrupted LATAM to plot the fintech revolution
Contxto – Full disclosure: I love The Economist. When I need crisp and intelligent analysis on what’s going on in the world, I rarely turn elsewhere (other than Contxto, of course). It is truly essential reading. But, all gushing aside, Contxto’s tech radar started going berserk when it detected that our world and that of […]
Mexican neobank Albo adds US$19 million to Series A, increasing value to US$26.4 million
Contxto – To think that investment rounds are indelible would be a grave mistake, one made apparent by one of Mexico’s leading neobanks, Albo. Simply consider what began as a US$7.4 million Series A last January that has now grown to US$26.4 million in a recent extension. Not intending to slow down anytime soon, we […]
Mexican challenger bank Fondeadora wraps up US$2.5 million investment
Contxto – IGNIA Partners, LW Investment Management, and angel investors are placing their bets on Mexican challenger bank, Fondeadora, through a recent investment of US$2.5 million. This is the challenger bank’s second investment this year; having already received US$1.5 million for a neat total of around US$4 million in 2019. Fueled with these funds, Fondeadora […]
Mexican weex wallet is now Mibo and the neobank competition is heating up
Contxto – If you can’t stand the heat, get out of the kitchen. Or in the case of Mexican neobank, weex wallet, stay in the kitchen, change your name to Mibo and keep cooking. Following its name change, Mibo plans to launch two credit-related products within the next couple of weeks. Their particular focus will […]