Mexican neobank Albo secured a $60M credit line from SixPoint Capital. The credit line comes after Albo’s $40M Series C round in September 2023.
Albo will use the funds to increase its credit offerings for individuals and companies, aiming for profitability by 2025
“This credit line accelerates our path towards profitability, allowing us to quickly scale our credit products for individuals and companies,” said Angel Sahagún, Albo’s Founder and CEO.
Founded in 2016, Albo is a fully digital neobank that provides bank accounts and credit solutions to over 3 million customers in Mexico.
Read more on LatamFintech Hub.
