U.S. Fintech Albert Raises $100 Million By means of Collection C Funding Spherical Led By Common Atlantic

Albert, a U.S.-based fintech, introduced on Tuesday it raised $100 million via its Collection C funding spherical, which was led by Common Atlantic with participation from  CapitalG, Alphabet’s impartial development fund, Portag3, and QED. The funding spherical brings Albert’s complete funding to $173 million.

Launched in 2016, Albert states its purpose is to democratize monetary recommendation and alter the way in which the generations make monetary selections.

“Till now, monetary apps have been targeted on creating budgeting and monitoring instruments, however they stopped in need of serving to prospects take motion to raised their monetary well being. We constructed a superbly designed, easy product to enhance the monetary lives of thousands and thousands of individuals. We use highly effective know-how to automate your funds, with assist from a staff of human consultants—the Geniuses—to information you. Streamline your financial savings, make investments with skilled steerage, and get recommendation on-demand.”

The corporate famous that since its launch, greater than 5 million have used its companies to enhance their monetary well being and have saved over $500 million. Final 12 months, Albert launched its product The Submit to enhance monetary literacy, serving to folks discover and buy inexpensive insurance coverage with Albert Planning, and redesigning the app to make Albert a wise, easy-to-navigate house in your cash.

“At Albert, we do one thing nobody else does: we ship personalised monetary recommendation from our staff of human finance consultants — aka our geniuses — at a radically inexpensive value. This steerage will be put into motion mechanically, utilizing software program we constructed from scratch.”

Albert added that it will likely be utilizing the funding to increase its staff and product whereas furthering its mission to enhance monetary wellness.