About Albert
Albert is a company based in Los Angeles (United States) founded in 2015 by Andrzej Baraniak and Yinon Ravid.. Albert has raised $178.63 million across 10 funding rounds from investors including American Express, Bessemer Venture Partners and General Atlantic. Albert offers products and services including Budgeting Tool, Banking Services, Investing Platform, and Identity Protection. Albert operates in a competitive market with competitors including Chime, Stash, Dave, Umba and Yotta, among others.
- Headquarter Los Angeles, United States
- Founders Andrzej Baraniak, Yinon Ravid
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Albert Investments, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$178.63 M (USD)
in 10 rounds
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Latest Funding Round
$100 M (USD), Series C
Jan 26, 2021
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Investors
American Express
& 9 more
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Employee Count
Employee Count
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Products & Services of Albert
Albert offers a comprehensive portfolio of products and services, including Budgeting Tool, Banking Services, Investing Platform, and Identity Protection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App feature for creating budgets and tracking spending automatically.
Provides cash back rewards and early access to direct deposits.
Platform for investing in stocks and ETFs with automated advice.
Monitors for fraud and removes personal data from the dark web.
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Software Development Team
31 people
Leadership Team
7 people
Legal and Compliance
7 people
Operations Team
5 people
Finance and Accounting
5 people
Product Management Team
4 people
Senior Team
3 people
Escalation Team
2 people
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Funding Insights of Albert
Albert has successfully raised a total of $178.63M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series C — $100.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series C - Albert | Valuation | General Atlantic | |
| Mar, 2020 | Amount | Series B - Albert | Valuation | CapitalG | |
| Mar, 2019 | Amount | Series A - Albert | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Albert
Albert has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include American Express, Bessemer Venture Partners and General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Growth-stage companies are invested in by CapitalG, Alphabet's independent fund.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Albert
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Albert
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Albert Comparisons
Competitors of Albert
Albert operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chime, Stash, Dave, Umba and Yotta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individuals via mobile apps.
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital banking services are provided for easier financial management.
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| domain | founded_year | HQ Location |
Digital banking solutions are offered to individuals through mobile apps.
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| domain | founded_year | HQ Location |
Digital banking services for consumers are offered via mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Albert
Frequently Asked Questions about Albert
When was Albert founded?
Albert was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Albert located?
Albert is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Albert?
Yinon Ravid is the current CEO of Albert. They have also founded this company.
Is Albert a funded company?
Albert is a funded company, having raised a total of $178.63M across 10 funding rounds to date. The company's 1st funding round was a Series A of $12.12M, raised on Jan 27, 2016.
What does Albert do?
Internet First Bank. It provides a banking app that combines banking, savings, investing, and budgeting. It also provides a 1-on-1 finance expert for advice 7 days a week. Users sync the financial accounts on the platform and it analyzes the income and expenses of the user daily and creates a budget for the user. Based on the users budget, it automatically adds an amount to the savings account.
What products or services does Albert offer?
Albert offers Budgeting Tool, Banking Services, Investing Platform, and Identity Protection.
Who are Albert's investors?
Albert has 10 investors. Key investors include American Express, Bessemer Venture Partners, General Atlantic, Portage, and CapitalG.
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