Albo, a Mexican financial technology company offering consumers a digital account with a prepaid Mastercard to receive, transfer, and spend their money, announced today it has raised $7.4 million in a Series A round of investment led by Mountain Nazca, and joined by the impact investment firm Omidyar Network, and Greyhound Capital. The funding round comes in a crucial moment for Albo, since Mexican fintech companies will face new challenges due to new regulatory processes to take effect this year. "We are really proud to have led this round along with other internationally recognized and experienced venture investors," said Hector Sepulveda, cofounder and Managing Partner of Mountain Nazca.

https://www.marketwatch.com/press-release/mexican-fintech-albo-raises-74-million-in-series-a-funding-round-2019-01-24