Fintech startup Albo acquired Delta.ai for $20M. The acquisition marks a significant step in expanding Albo’s financial services for SMEs, including debit accounts, financing options, and salary payment solutions.
“When a business grows, the natural thing is to expand into other verticals and offer more value to your customers. We have a long-term vision, where we want to be the largest financial entity in Mexico, and this is just the beginning”, said Ángel Sahagún, Albo’s founder.
In May 2022, Albo became a regulated financial institution after obtaining the Electronic Payment Funds Institution license. This milestone facilitated processing transactions exceeding $5B and onboarding over 2 million users onto its platform.
Read more on: El Economista
