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SC Ventures makes strategic investment in Algbra, establishes partnership with its UK sustainable finance platform Shoal
Zeiad Idris

Zeiad Idris

CEO

Zeiad is Co-Founder & CEO of Algbra. Prior to founding Algbra, Zeiad was Co-Founder & Managing Partner at New World Group (NWG), an FCA regulated global merchant banking & investment firm, where he successfully helped grow the business to >$2.5bn of AUM across asset management, real estate & technology. At NWG, Zeiad & his partners took the business to >25 territories, securing partnerships with leading corporates, family offices & financial institutions.

Zeiad began his career in the commodities division at Credit-Suisse in London. He holds an MSc. from the School of Oriental & African Studies (with Distinction) & a BA from King’s College London. Zeiad is also a member of the CFA Society of the UK & holds the Investment Management Certificate.

Fizel Nejabat

Fizel Nejabat

COO

Fizel is Co-Founder & COO of Algbra. Prior to founding Algbra, Fizel qualified & worked as a solicitor at leading global law firm Clifford Chance, working between the firm’s London & Dubai offices. Fizel’s work spanned finance & banking, capital markets & funds before specialising in Mergers & Acquisitions. He has worked on some of the world’s leading transactions, such as the PIF’s £43bn investment into the SoftBank Vision Fund, the sale of the Americana Group, the sale of the Lulu Group to ADQ & the disposal & mergers of various banks across the Middle East.

Before commencing his career in law, Fizel successfully drove sales for two renowned entrepreneurial ventures, Mactavish & Obelisk Legal Support, whilst completing his LLM.

Fizel completed his Law degree at the University of Oxford & holds an LLM in International Commercial Law from University College London.

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Balancing the equation

For customers who joined Algbra before 22 July 2024: The e-money in your Algbra account is currently issued by Modulr FS Ltd, a company registered in England and Wales with company registration number 09897919 and registered address at Scale Space, 58 Wood Lane, London, W12 7RZ. Modulr is regulated by the Financial Conduct Authority (FCA) for issuance of electronic money with FRN 900573. As of 23 September 2024, or earlier if you accepted Algbra’s updated terms before this date, the e-money issued to your Algbra account is issued by Algbra Group Limited, which is a private limited company registered in England and Wales with company registration number 12629086 and registered address at Squire Patton Boggs (UK) LLP (Ref: CSU) No.1 Spinningfields, Hardman Square, Manchester, England, M3 3EB. Algbra is authorised and regulated by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 with FRN 952360.

For customers who joined Algbra on or after 22 July 2024: The e-money issued to your Algbra account is issued by Algbra Group Limited, which is a private limited company registered in England and Wales with company registration number 12629086 and registered address at Squire Patton Boggs (UK) LLP (Ref: CSU) No.1 Spinningfields, Hardman Square, Manchester, England, M3 3EB. Algbra is authorised and regulated by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 with FRN 952360.

For those customers who have ordered an Algbra Card: Your Algbra Card is currently issued by Transact Payments Limited (incorporated and registered in Gibraltar with company number 108217 and registered office of 6.20 World Trade Center, 6 Bayside Road, Gibraltar, GX11 1AA). As of 24 September 2024, or shortly after, the Algbra Card will be issued by Algbra Group Limited (FCA FRN  952360), a Principal member of Mastercard International Incorporated. MasterCard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Algbra Group Limited is a limited company registered in England and Wales with company registration number 12629086.

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