A Milestone in FCA’s Ambitious ESG Strategy as Algbra Becomes First Ethical FinTech to Receive Authorised E-Money Institution Licence

LONDON–(BUSINESS WIRE)–Algbra, the ethical and values-focused FinTech, has received full authorisation from the Financial Conduct Authority (FCA) to operate as an Electronic Money Institution (EMI). Algbra’s pioneering proposition – with the principles of ESG and Shariah-compliance at its core – leads the movement towards values and lifestyle-based banking that is defining the next evolution of financial services. Algbra’s offering includes a sustainable card; the ability to make direct chari