delt.ai

delt.ai is a fintech company based in Mexico City, founded in 2019. It specializes in digital banking services for businesses in Latin America, particularly targeting startups, small and medium-sized enterprises (SMEs), and freelancers. The company offers a corporate credit and spend management platform that includes a smart credit card solution, payment gateways, and API integrations, all designed to streamline financial operations and expense tracking. Delt.ai emphasizes a fully digital onboarding process that complies with KYC regulations, making it the first in Mexico to provide branchless accounts. This approach enhances accessibility for its users and taps into a significant market opportunity in Mexico's business payments sector, estimated at over $450 billion. The company has raised $25 million in funding and was part of Y Combinator's Winter 2020 batch. Delt.ai was acquired by the Mexican challenger bank Albo for $20 million, highlighting its strategic importance in the fintech landscape.