About
Albert offers AI-powered financial guidance with automatic savings, spending insights, and cash advances (Albert Instant) to avoid overdrafts. Raised $172M including $100M Series C led by General Atlantic with CapitalG (Alphabet's growth fund) and QED. Named to 2024 Exceptional Startups list (100%+ YoY growth required). Founded 2015 in Los Angeles by Yinon Ravid and Andrzej Baraniak.
Key Facts
- [1]Funding: Total funding: $174M. Last round: Jan 2021. Stage: Late Stage.
- [2]Employees: Employee count: 51-200.
- [3]Website: Official website: albert.com.
- [4]AI Technology: Core AI/ML technologies: LLM / NLP.
- [5]Region: Region: Americas (United States).
Founders
Yinon Ravid
Co-founder & CEO
Andrzej Baraniak
Co-founder & CTO
AI Technology
LLM / NLP
Large language models for NLP, chat, document understanding, and text generation
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Albert?
Albert offers AI-powered financial guidance with automatic savings, spending insights, and cash advances (Albert Instant) to avoid overdrafts. Raised $172M including $100M Series C led by General Atlantic with CapitalG (Alphabet's growth fund) and QED. Named to 2024 Exceptional Startups list (100%+ YoY growth required). Founded 2015 in Los Angeles by Yinon Ravid and Andrzej Baraniak. Albert is classified in the Enterprise Finance segment at the Applications layer of the financial AI stack.
Who founded Albert?
Albert was founded by Yinon Ravid (Co-founder & CEO) and Andrzej Baraniak (Co-founder & CTO).
How much funding has Albert raised?
Albert has raised $174M in total funding, placing the company at the Late Stage stage. The most recent round closed in Jan 2021. Among 79 funded Enterprise Finance companies, Albert ranks #24 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Albert use?
Albert primarily leverages LLM / NLP technology. Large language models for NLP, chat, document understanding, and text generation. Within the Enterprise Finance segment, 17 companies use this technology.
What market segment does Albert operate in?
Albert operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Where is Albert headquartered?
Albert is headquartered in Los Angeles, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Albert's competitors?
Companies similar to Albert in the Enterprise Finance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Albert offer?
Albert builds applications-layer solutions for the financial services industry. The company's core offering: AI financial guidance and banking. The platform is powered by LLM / NLP technology.