# Algbra Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/algbra-group

- Industry: Financial Services
- Headquarters: Manchester, UK
- Website: www.algbra.com
- Total disclosed funding: $5.3M
- Latest round: Seed (May 18, 2021)
- Investors on record: 3

## About

Founded in 2020 and based in Manchester, UK, Algbra Group Limited operates as a Sharia-compliant and B-Corp-certified FinTech company. The company was founded by CEO Zeiad Idris and COO Fizel Nejabat. In April 2024, Algbra Group Limited raised approximately USD 10 million in venture funding from SC Ventures.

Algbra offers a finance mobile application that allows users to manage their money, track their progress, offset their carbon footprint, and invest in sustainable causes. Users can download the application from the iOS Store and the Play Store. In addition, the firm offers Fintech as a Service (FaaS) solutions and digital banking solutions.

The company plans to use the funds raised in April 2024 to boost the fintech as a service offering from Algbra.

## Funding rounds

- Seed, May 18, 2021, $5.3M — British Business Bank, NWG Service Holding, SFC Capital

## Investors

- British Business Bank (https://capitalatlas.ai/funds/british-business-bank) — Seed
- NWG Service Holding — Seed
- SFC Capital (https://capitalatlas.ai/funds/sfc-capital) — Seed