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New Deal


Announced

Banco Santnder acquired Albert Corporation.

Financials

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Transaction Value-
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Capital Bid For100%
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mobile applications

Acquisition

United States

bookkeeping

FinTech

Private

Friendly

Synopsis

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Banco Santnder acquired Albert Corporation, which developed the Albert, the pocket bookkeeping app designed specifically for the solo self-employed. Financial terms were not disclosed. Lindsey Argalas, Santander Group Chief Digital and Innovation officer, said: “Albert has a clear vision for how they can use technology to transform the experience of running a business. It is our shared belief that small businesses owners should have access to the tools that help them work smarter, and that deliver the same instant, seamless and personal experiences in finance, as they get in their daily lives. With Albert as part of the Santander team, we are a step closer to ensuring that more small businesses in the UK are able to prosper.”

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