Albo, the Mexican neobank, acquires for USD $20M, strengthening Its offer for consumers and SMEs

Albo, the neobank in Mexico, has confirmed the purchase of the fintech company, specializing in financial services for small and medium-sized enterprises (SMEs), for $20 million. With this strategic acquisition, albo strengthened its position in the Mexican financial sector, becoming the only neobank to offer debit and credit products for consumers and SMEs., a firm with experience in Mexico, has conducted over 130,000 transactions, granting over USD $90 million in loans and credit lines.

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MercadoLibre Reaches the Figure of Five Million Customers in Its Insurance Sector

August 10, 2023

The leading e-commerce corporation in Latin America, MercadoLibre, has reached 5 million customers in its insurance branch, and it did so in less than four years thanks to solid investments in technology to position itself in the insurtech sector. While Latin American countries are currently significantly below their competitors in North America, Europe, and Asia regarding their gross insurance premiums, the region is expected to experience more growth in insurance premiums between 2022 and 2023 than other geographical areas, except for China.

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Salesforce Buys for Automated Customer Service

September 22, 2023

Salesforce is buying, which builds low-code, AI-powered e-commerce customer service agents.  You might have thought Salesforce could already do that, but presumably Airkit does it better.  It doesn’t hurt that the company founders sold a previous business to Salesforce, the company was partly funded by Salesforce Ventures, and the product is already listed on AppExchange.  Price was not announced.

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