About Algbra
Algbra is a company based in Manchester (United Kingdom) founded in 2017 by Fizel Nejabat and Zeiad Idris.. Algbra has raised $5.29 million across 2 funding rounds from investors including Standard Chartered, SFC Capital and British Business Investments. Algbra offers products and services including Algbra Account, Algbra Card, Cubes, and Planet Impact. Algbra operates in a competitive market with competitors including Stash, Kroo, Fintech Farm, Dozens and Ffrees, among others.
- Headquarter Manchester, United Kingdom
- Founders Fizel Nejabat, Zeiad Idris
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Algbra Group Limited
- Date of Incorporation 28 May, 2020
- Jurisdiction MANCHESTER, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.29 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Standard Chartered
& 3 more
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Employee Count
Employee Count
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Products & Services of Algbra
Algbra offers a comprehensive portfolio of products and services, including Algbra Account, Algbra Card, Cubes, and Planet Impact. 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-based account for ethical money management and transactions.
Card for secure, fee-free payments and instant transfers.
Sub-accounts feature for goal-based saving and financial control.
Feature to measure and offset carbon footprints from transactions.
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Funding Insights of Algbra
Algbra has successfully raised a total of $5.29M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(18 May 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - Algbra | Valuation |
investors |
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| May, 2021 | Amount | Series A - Algbra | Valuation | SFC Capital , British Business Investments |
| 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 Algbra
Algbra has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Standard Chartered, SFC Capital and British Business Investments. 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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Introductions between investors and early-stage companies are facilitated for funding.
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Founded Year | Domain | Location | |
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Private debt investment firm focused on SMEs
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Founded Year | Domain | Location | |
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Corporate, investment, wealth, and retail banking services are provided globally.
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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 Algbra
| 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 - Algbra
| 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 |
Algbra Comparisons
Competitors of Algbra
Algbra 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 Stash, Kroo, Fintech Farm, Dozens and Ffrees, 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 |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Provider of digital banking services for individuals
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| domain | founded_year | HQ Location |
Digital banking services for individuals are offered.
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| domain | founded_year | HQ Location |
Provider of retail banking services
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| domain | founded_year | HQ Location |
Current accounts and money management apps are provided to individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Algbra
Frequently Asked Questions about Algbra
When was Algbra founded?
Algbra was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Algbra located?
Algbra is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Who is the current CEO of Algbra?
Zeiad Idris is the current CEO of Algbra. They have also founded this company.
Is Algbra a funded company?
Algbra is a funded company, having raised a total of $5.29M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5.29M, raised on May 18, 2021.
What does Algbra do?
The company was founded in 2017 in Manchester, United Kingdom, and operates in the fintech sector. A digital banking platform is offered to individuals, encompassing savings accounts, prepaid cards, stash accounts, bill payments, and online or offline transactions. Additional services include rewards programs, foreign exchange, remittances, personal finance tools, and home purchase plans. Operations focus on accessible financial solutions for users.
What products or services does Algbra offer?
Algbra offers Algbra Account, Algbra Card, Cubes, and Planet Impact.
Who are Algbra's investors?
Algbra has 4 investors. Key investors include Standard Chartered, SFC Capital, British Business Investments, and New World Group.
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