This week, we hosted a lively discussion with the founding team of Algbra, a UK-based fintech startup focused on ethical finance and combating financial exclusion.
Algbra is a Certified B Corporation, sitting among a global network of businesses that meet high social and environmental impact standards. We explore Algebra’s unique dual business model, which includes both B2C and B2B services, their commitment to social impact, and the significance of their recent strategic investment from Standard Chartered.
The team discusses the challenges of both financial exclusion and ethical investing, and the launch of their sustainable savings platform, Shoal. We discuss the importance of consumer education around ethical investing to make it stick, and the potential for growth in the ethical finance market towards profitability and sustainability.
We also touch on the recent pushback against DEI initiatives in certain regions and the company’s views in fostering equity in such a polarized, politicized environment.
Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.