Mexican Neobank raises $45M

with a full banking license and physical presence, Albo has targeted Mexico’s emergent middle class. About a two minute read.

Comment: this is a refreshing take on the Neobank business model we see in Developed Nations. Albo accepts deposits and has physical presence. Its also targeting other products and services attractive to it’s large — and growing — customer base. Compare to Neobanks operating in Developed Nations, who typically target a niche, operate almost exclusively online, and largely compete with other Neobanks. Albo is a true example of Fintech disruption.