# Albert Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/albert-2

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.albert.com/
- Total disclosed funding: $170M
- Latest round: Series C (Jan 26, 2021)
- Investors on record: 15

## About

Albert Corporation provides innovative financial management solutions to help users with budgeting, saving, spending, and investing through its intuitive app, catering to a diverse clientele in the United States.Albert Corporation, founded in 2015 by Arno Verbeke, Arta Mandegari, Rishi Patel, and Salman Eskandari, operates from its headquarters in Los Angeles, US. The company has executed 7 deals and raised a total of USD 100.00 mn, with its most recent funding round being Series C on January 26, 2021, led by General Atlantic and supported by investors including Alphabet, CapitalG, Portage Ventures, and QED Investors. Albert offers a comprehensive suite of financial management solutions designed to assist users in budgeting, saving, spending, and investing. At the core of its offerings is the Albert app, which provides users with tools to create personalized budgets, track their spending, and establish savings goals. The app analyzes users' income and expenses to identify small amounts they can set aside automatically, streamlining the savings process. In addition to budgeting features, Albert enables users to invest in stocks, ETFs, and managed portfolios, catering to a diverse clientele that includes over 10 million individuals. The platform is designed to operate primarily in the United States, with services accessible through major smartphone operating systems, thus reaching a vast audience of budget-conscious consumers and investors.Albert generates revenue primarily through subscription plans ranging from USD 11.99 to USD 29.99 per month, which provide users with enhanced features and personalized financial advice. These subscription models facilitate direct-to-consumer transactions, allowing users to access premium financial management tools and investment services seamlessly. Users can take advantage of Albert's Instant Advance feature, which provides quick access to funds under specific eligibility criteria, thereby enhancing user engagement and retention. The app also incorporates cashback rewards on spending, further incentivizing users to transact through the platform. Overall, Albert's revenue model capitalizes on a combination of subscription fees, financial services, and transaction-based income from its investment offerings.

## Funding rounds

- Series C, Jan 26, 2021, $100M — General Atlantic, Alphabet, QED Investors, CapitalG, Portage Ventures
- Series B, Dec 1, 2019, $47M — QED Investors, American Express Ventures, CapitalG, Portage Ventures
- Series A, Nov 9, 2018, $15M — 500 Global, QED Investors, Plug and Play, American Express Ventures, Altair Capital, Portage Ventures
- Series A, May 25, 2018, $5M — QED Investors, Plug and Play, American Express Ventures, Camp One Ventures, Portage Ventures
- Seed, Nov 23, 2016, $2.5M — Bessemer Venture Partners, Financial Health Network, 500 Global, Ranch Ventures, 500Tech
- Seed, Dec 27, 2015, $0.1M — 500 Global, E-Merge

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- E-Merge (https://capitalatlas.ai/funds/e-merge) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed
- Financial Health Network (https://capitalatlas.ai/funds/financial-health-network) — Seed
- Ranch Ventures (https://capitalatlas.ai/funds/ranch-ventures) — Seed
- 500Tech — Seed
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B, Series C
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series A, Series B
- Camp One Ventures (https://capitalatlas.ai/funds/camp-one-ventures) — Series A
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series A, Series B, Series C
- Altair Capital — Series A
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series B, Series C
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series C
- Alphabet — Series C