
As 2024 comes to a close, the team at Algbra are grateful to our ever growing community of partners, customers, investors and supporters for their continued encouragement as we build the foundations for a global network of digital banks, all powered by Algbra.
A few of our highlights this year have included:
π Strengthening the technology and innovation of
Algbra Labs and our Fintech-as-a-Service (FaaS) solution by becoming PCI-certified; introducing multi-tenancy capability to easily onboard new B2B and B2B2C institutions; completing direct membership with UK Open Banking; and finalising Google Cloud deployment to KSA Dammam data centres.
π¦ Announcing a strategic partnership with
Standard Chartered that included
SC Ventures by Standard Chartered leading our fundraising round as well as partnering to support the Standard Chartered sustainable finance book.
π³ Becoming a Principal Member and Issuer with
Mastercard, enabling Algbra to directly issue cards and provide clients with a wider range of financial solutions.
π Taking
Shoal, a sustainable finance proposition incubated within Standard Chartered, from concept to fully functional savings platform live for customers - including being FSCS protected - in just four months.
πΈπ¦πΆπ¦ Completing Algbra's incorporation in Saudi Arabia and Qatar as part of advanced developments in the GCC to become a technology partner of choice for building digital banking solutions.
ποΈ Launching Banking To Go by Algbra Labs, a video podcast series that shares expert insights from the world of financial technology, banking and beyond.
π» Being recognised globally for our thought leadership, with Algbra represented at the inaugural Web Summit in Doha and in Davos at the World Economic Forum.
π£ Expanding our global operations by establishing an operational office in Kuala Lumpur, Malaysia where we have hired Customer Operations and AML teams.
π Hosting our βFuture of Financeβ Summer event at the
Saatchi Gallery during London Climate Action Week where we heard about the possibilities of future technologies fuelling financial institutions to contribute more positively.
π Supporting our customers to easily and efficiently give to their favourite charities, enabling more than Β£500k in charitable donations to British charities.
π―οΈ Illuminating the historic Oxford Street for the first time with a dazzling display of 30,000 Ramadan Lights through our foundation, Algbra X, and partnering with the
New West End Company.
We can't wait to see what 2025 will bring. From all of us at Team Algbra, a very Happy New Year!

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