Algbra
SC Ventures makes strategic investment in Algbra, establishes partnership with its UK sustainable finance platform Shoal
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About Algbra
About Algbra

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Balancing the equation

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For customers who joined Algbra before 22 July 2024: The e-money in your Algbra account is currently issued by Modulr FS Ltd, a company registered in England and Wales with company registration number 09897919 and registered address at Scale Space, 58 Wood Lane, London, W12 7RZ. Modulr is regulated by the Financial Conduct Authority (FCA) for issuance of electronic money with FRN 900573. As of 23 September 2024, or earlier if you accepted Algbra’s updated terms before this date, the e-money issued to your Algbra account is issued by Algbra Group Limited, which is a private limited company registered in England and Wales with company registration number 12629086 and registered address at Squire Patton Boggs (UK) LLP (Ref: CSU) No.1 Spinningfields, Hardman Square, Manchester, England, M3 3EB. Algbra is authorised and regulated by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 with FRN 952360.

For customers who joined Algbra on or after 22 July 2024: The e-money issued to your Algbra account is issued by Algbra Group Limited, which is a private limited company registered in England and Wales with company registration number 12629086 and registered address at Squire Patton Boggs (UK) LLP (Ref: CSU) No.1 Spinningfields, Hardman Square, Manchester, England, M3 3EB. Algbra is authorised and regulated by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 with FRN 952360.

For those customers who have ordered an Algbra Card: Your Algbra Card is currently issued by Transact Payments Limited (incorporated and registered in Gibraltar with company number 108217 and registered office of 6.20 World Trade Center, 6 Bayside Road, Gibraltar, GX11 1AA). As of 24 September 2024, or shortly after, the Algbra Card will be issued by Algbra Group Limited (FCA FRN  952360), a Principal member of Mastercard International Incorporated. MasterCard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Algbra Group Limited is a limited company registered in England and Wales with company registration number 12629086.

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