PRESS RELEASE
LONDON, UK - 6 December 2017

Albert and Starling Bank Mark a New Era in Freelance Finance Management

Today, Albert and Starling Bank are announcing a pioneering partnership, launching three essential innovations for Freelance Finance Management:

  • Real-time freelance finances in one place
  • Workflow automation
  • A complete mobile-only experience

These innovations are built on top of the unique simplicity of Albert, the UK’s highest rated invoicing and expensing app, and backed by the security of a fully authorised and regulated Starling Bank account.

 
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1. Real-time Freelance Finances in One Place

Freelancers spend a lot of time on stress-inducing bookkeeping and finance management. Up until now, data often sat in different places: transactions resided in online banking, invoices were in a manual invoice tool, while receipts were in wallets or lost. In an industry first, Albert and Starling are bringing together banking data, invoices and expensing in one mobile screen in real-time. Starting now, freelancers can always be up-to-date and accurate.

2. Workflow Automation

Albert and Starling automate freelancer’s mundane daily financial tasks. The integration simplifies matching your bank transactions with invoices, and automatically generates expenses just after your payment is sent. Furthermore, Albert’s one-tap reporting feature will automatically aggregate all essential data - including invoices, expenses and bank transactions - that accountants and tax advisors typically need.

3. A Complete Mobile-Only Experience

The Albert and Starling integration allows freelancers to do all their financial activities from their mobile. Users can now sign up and, if selected for this initial trial, will be able to track their bookkeeping, make payments and send reports, wherever and whenever they are. It’s the first solution of its kind to give true freedom and flexibility to freelancers.

New Banking Regulation

The partnership between Starling Bank and Albert will bring the benefits of PSD2 (the new banking regulation coming in January 2018) and Open Banking to sole traders and small businesses, in preparation for these new banking regulations.

Registration

The Albert and Starling integration is now available for registration via www.getalbert.com. A first group of selected users will be able to connect Albert directly with their Starling account, which they will then be able to use for business. They will benefit from an experience that will be years ahead of any existing solution in the market.


Ivo Weevers, CEO and Co-Founder of Albert said:

It’s crazy that most self-employed people still don’t feel comfortable with their daily finances. These are the basic aspects of our lives that are supposed to be easy. To solve this, one needs to leapfrog the existing status quo. Albert is super thrilled to have found a perfect partner in Starling to make this vision a reality for all the self-employed.
 

Anne Boden, CEO and Founder of Starling Bank said:

To follow our announcement that we will be offering business accounts to small businesses, entrepreneurs and sole traders, Albert are the perfect partner for us as we continue to challenge conventional thinking in banking. Small businesses need to be agile and entrepreneurs should spend their time building on their ideas, not bogged down in paperwork. Starling and Albert are firmly on the side of the entrepreneur and this partnership will make their lives – and businesses – better.

For more information please contact: media@starlingbank.com and media@getalbert.com


About Albert

Albert is the best app freelancers hardly need to use. We believe freelancers should enjoy their freedom without worrying about the financial aspects. Albert gives its users a unique solution in their pockets that takes over laborious tasks, informs when needed and simplifies everything else.

Albert is an innovative, fast growing technology company disrupting Business Finance Management for freelancers and small businesses. Backed by the investors behind Skype, Wix and Azimo, the company launched their platform early 2016 publicly, has been recognised as UK startup of the year, featured three times by Apple, and now is the highest rated finance app for freelancers in the UK App Store with over 1,000 five-star reviews.

For more information, please visit www.getalbert.com or contact media@getalbert.com

 

About Starling Bank

Starling Bank built the UK’s first mobile-only current account from scratch. We believe everyone should be able to enjoy a healthy financial life — that means giving our customers access to a mobile market of products and services that best fit their financial needs, giving them the tools to make mindful money decisions.

We’re a fintech business with a banking licence, fully regulated by the FCA and PRA, and were granted a banking licence by the Bank of England in July 2016. Our app, available for Android and iOS, was launched to the public in May 2017. Starling Bank is directly connected to major payment schemes, including Faster Payments, and MasterCard. 

For more information please visit: www.starlingbank.com or contact media@starlingbank.com


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