What is Albert?
Albert operates as a comprehensive financial management platform designed to bridge the gap between complex financial services and the average consumer. By leveraging automated insights and personalized guidance, the company addresses the systemic issue of inaccessible financial advice. Its platform serves as a digital financial manager, helping users navigate budgeting, savings, and investment decisions that were previously reserved for high-net-worth individuals. Through its focus on financial inclusion, Albert has carved out a distinct niche in the competitive fintech landscape, effectively transforming how everyday users interact with their personal capital.
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 Bessemer Ventures Partners, CFSI, and 500.com
Unspecified (2017): $4.3M, investors not publicly disclosed
Series A (2018): $5M, investors not publicly disclosed
Unspecified (2018): $15M featuring American Express, Portag3 Ventures, and QED
Series B (2020): $50M backed by QED Investors, American Express, Portage Ventures, and CapitalG
Series C (2021): $100M with participation from CapitalG, General Atlantic Service Company, L.P., QED Group LLC, and Portag3 Ventures
Key Investors in Albert
CapitalG
CapitalG is Alphabet's independent growth fund that invests capital and expertise to support remarkable entrepreneurs and transformational companies in accelerating their growth.
QED Investors
QED Investors is a global leading boutique venture capital firm focused on investing in early-stage, disruptive financial services companies across the globe.
American Express
American Express operates as a global financial services organization specializing in payment solutions and travel services for both consumers and businesses.
What's next for Albert?
Following the recent capital influx, Albert is well-positioned to accelerate its product development roadmap and expand its user base. The strategic backing from high-profile growth funds suggests a focus on scaling infrastructure and potentially diversifying its service offerings to include more sophisticated wealth management tools. As the company matures, the emphasis will likely shift toward deepening user engagement and enhancing the platform's predictive capabilities, ensuring that Albert remains at the forefront of the digital financial services revolution.
See full Albert company page
