What is Albert?
Albert is dedicated to building a world where individuals are empowered to make sound financial decisions, addressing the critical gap in accessible and affordable financial guidance. The company's platform aims to serve the millions of Americans who currently lack support for their financial well-being. By providing a comprehensive financial manager, Albert seeks to democratize access to financial planning and management tools, positioning itself as a key player in the evolving fintech landscape.
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, 500.com, and CFSI
Unspecified (2017): $4.3M, investors not publicly disclosed
Series A (2018): $5M, investors not publicly disclosed
Unspecified (2018): $15M featuring Portag3 Ventures, QED, and American Express
Series B (2020): $50M backed by QED Investors, CapitalG, Portage Ventures, and American Express
Series C (2021): $100M with participation from Portag3 Ventures, General Atlantic Service Company, L.P., CapitalG, and QED Group LLC
Key Investors in Albert
Portag3 Ventures
Portag3 Ventures is an early-stage investor focused on innovative global financial services companies that benefit consumers. Their backing of Albert aligns with their mission to support next-generation fintech solutions.
CapitalG
CapitalG, Alphabet's independent growth fund, invests in transformative companies. Their involvement suggests Albert is poised for significant scaling, benefiting from CapitalG's expertise in growth-stage technology businesses.
QED Investors
QED Investors is a venture capital firm specializing in disruptive financial services companies. Their investment in Albert highlights the company's potential in revolutionizing personal finance management.
What's next for Albert?
The substantial enterprise-level backing and recent strategic investment signal Albert's readiness for significant scaling and market expansion. This capital will likely fuel product development, enhance user acquisition strategies, and potentially explore new service verticals within personal finance. Albert's focus on accessibility and affordability positions it to capture a substantial share of the market, with future growth potentially involving deeper integration of AI-driven financial advice and expanded partnerships to reach a wider demographic.
See full Albert company page
