Albert is a trailblazing technology company in the field of business finance management for freelancers. Since their platform launch in early 2016, the UK-based startup has gained significant traction as evidenced by its recognition as the UK's startup of the year and the achievement of thousands of five-star ratings in the app store. Notably, Albert has garnered the support of prominent investors such as Skype, Wix, and Azimo. As an early adopter of open banking solutions, Albert became the first B2B app to integrate directly with the UK's challenger banks. This strategic move has further solidified their position as a pioneer in the industry.
The momentum of Albert was evident when they secured a £1.25M Seed Round investment in May 2018, with backing from Mangrove Capital Partners and Ascension Ventures (UK). However, the company's journey took an unexpected turn by the end of 2018 when it was acquired by the Santander Group, a global banking powerhouse. This acquisition marked a significant milestone in Albert's evolution, signaling their successful transition from a disruptive startup to an integral part of one of the world's major financial institutions.
