What is Albert?
Albert is dedicated to building a world where individuals are empowered to make sound financial decisions, addressing the current market gap where financial guidance is often inaccessible and prohibitively expensive. The company's platform aims to provide a complete financial manager, ensuring that millions of Americans have a reliable resource for managing their money. This commitment to financial inclusivity positions Albert as a key player in the evolving fintech landscape, leveraging technology to bridge the accessibility divide in personal finance.
How much funding has Albert raised?
Albert has raised a total of $176.8M across 6 funding rounds:
Angel/Seed
$2.5M
Unspecified
$4.3M
Series A
$5M
Unspecified
$15M
Series B
$50M
Series C
$100M
Angel/Seed (2016): $2.5M with participation from 500.com, CFSI, and Bessemer Ventures Partners
Unspecified (2017): $4.3M, investors not publicly disclosed
Series A (2018): $5M, investors not publicly disclosed
Unspecified (2018): $15M featuring QED, American Express, and Portag3 Ventures
Series B (2020): $50M backed by QED Investors, American Express, CapitalG, and Portage Ventures
Series C (2021): $100M with participation from General Atlantic Service Company, L.P., CapitalG, Portag3 Ventures, and QED Group LLC
Key Investors in Albert
QED Investors
QED Investors is a global venture capital firm specializing in early-stage, disruptive financial services companies, known for its hands-on approach to fostering breakthrough growth.
CapitalG
CapitalG, Alphabet's independent growth fund, invests capital and expertise in growth-stage companies, offering operational support and leveraging Google's network to accelerate expansion.
American Express
American Express is a global financial services organization providing payment solutions and travel services, with a broad ecosystem of charge and credit card products for consumers and businesses.
What's next for Albert?
With its recent major strategic investment and substantial total funding, Albert is poised for accelerated growth and expansion. The capital infusion is expected to fuel further development of its financial management platform, enhance user acquisition strategies, and potentially explore new market segments. Albert's strategic focus on providing accessible financial tools suggests a trajectory aimed at capturing a significant share of the consumer finance market, driven by innovation and a user-centric approach to financial well-being.
See full Albert company page
