Fundraising amount of digital banking fintechs in Mexico 2024
As of April 2024, Covalto, a leading digital banking and services platform for SMEs in Mexico raised approximately 521.3 million U.S. dollars, making it the highest-funded digital banking fintech in the country. It was followed by Klar, which raised approximately 357.5 million U.S. dollars. Albo, a Mexican challenger bank, ranked third, with 112 million U.S. dollars in funding. This digital banking startup focuses on B2C pre-paid debit cards and accounts.
