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

Albo, the neobank in Mexico, has confirmed the purchase of the fintech company delt.ai, 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.

Delt.ai, 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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CDP mParticle Sold to Rokt for $300 Million

January 17, 2025

CDP mParticle is being acquired by ecommerce platform Rokt for a price of $300 million.  It’s the third acquisition of a leading independent CDP in a little over one month, following Uniphore’s purchase of ActionIQ and Contentstack’s purchase of Lytics. All three buyers offer some type of customer-facing technology; apparently they’ve decided that adding real-time profiles from CDP will give them a competitive edge.  (See this blog post for more analysis.)

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