Santander acquires bookkeeping fintech firm

Santander Group has acquired Albert in its entirety – including its team and technology – for an undisclosed amount

Santander acquires bookkeeping fintech firm. Source: shutterstock.com

Santander Group has announced the acquisition of Albert, the invoicing and expenses app for freelancers and micro-businesses. Albert has developed a loyal following amongst freelancers and micro enterprises, providing smart invoicing and expense tools that reduce the time their self- employed customers spend on financial admin.

The deal brings together the financial services capability of Santander Group with the proven, best in class invoicing and expenses customer experience of the Albert app.

Albert’s customers will benefit from access to a wider range of innovative products and services being developed to support the self-employed and micro-businesses.

The Santander Group has a long history partnering with innovative tech startups and supporting small businesses through its InnoVentures arm and has continued this focus by acquiring Albert.

The Albert app will continue to operate business as usual and there will be no disruption to the service enjoyed by its customers.

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