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Mexican challenger bank Albo has raised $19m extension to its Series A

Mexico based challenger bank has raised a $19m extension to its Series A led by U.S.-based Valar Ventures. 

In the meantime, founders are taking more of a collaborative rather than competitive stance. “This isn’t a winner takes all market,” says Sahagun, arguing that the financial market in Mexico is diverse enough to thrive with numerous financial products.

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challenger banks, latin america