Month: April 2018

Magma Partners Invests in Mexico’s Albo

Albo is a Mexican neobank that offers online banking services to 100,000 customers across Mexico. Through a mobile app, Albo is helping more Mexicans to manage their money by providing a bank account, a Global Mastercard, and access to online transfers.

The neobank was founded in Mexico City by  Angel Sahagun in 2016.  Considering the boom in investment in Latin American neobanks like Nubank, Uala, and Neon, Albo could become Mexico’s leading neobank.

Albo is on a mission to provide the 75% of Mexicans who are currently unbanked with access to online banking services, promoting financial inclusion in one of Latin America’s most complex markets.

Magma Partners Invests in Puerto Rican Startup BrainHi

BrainHi is a client communications system designed to make customer services in medical offices more effective and customer-friendly. Through artificial intelligence, clients are able to organize appointments and consults via private instant messaging rather than the time consuming traditional call-center systems.

The startup aims to revolutionize customer services and communication by creating a more personalized and interactive method of organizing appointments and managing clients.

BrainHi was founded in 2018 by Emanuel Oquendo and Israel Figueroa Fontanez in Puerto Rico. Magma Partners invested in BrainHi in their Seed stage alongside Venture University and VU Venture Partners.

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