Algbra Group Limited

Certified B Corporation

City of Westminster, United Kingdom

Certified Since

August 2023


Financial transaction processing


Service with Minor Environmental Footprint

Operates In

United Kingdom

Algbra is the home of ethical and sustainable digital finance, providing top-tier financial technology solutions and services globally. Algbra provides UK customers with a zero-compromise banking solution, ensuring that quality and impact is always at the heart of everything. An Algbra account, available for free on the App and Google Play stores, comes equipped with all that you would expect and more, including, up to 1.5% cashback on all spending, carbon tracking and offsetting solutions, and financial wellbeing tools. With its mission of creating a more equitable and sustainable world through financial technology, Algbra also provides solutions for other financial institutions through its B2B arm called Algbra Labs. Whether financial institutions are seeking to digitalise, increase their impact, or improve on anything else, Algbra Labs is able to assist on their journey through its industry-leading full-suite consultancy and technology solutions.

Overall B Impact Score

Based on the B Impact assessment, Algbra Group Limited earned an overall score of 121.6. The median score for ordinary businesses who complete the assessment is currently 50.9.
121.6 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 21.0

Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement5.2
Ethics & Transparency5.7
+ Mission Locked10

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.

Workers 31.6

Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security9.1
Health, Wellness, & Safety7.8
Career Development6.9
Engagement & Satisfaction5.4

Community 53.4

Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion7.5
Economic Impact7.6
Civic Engagement & Giving7.8
Supply Chain Management2.7
+ Designed to Give24.3

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.

Environment 10.9

Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management4.4
Air & Climate1.9
Land & Life4.0

Customers 4.5

Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship4.5

Previous Overall B Impact Scores

2023 Overall B Impact Score121.6

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