Ankur Mehrotra Joins Algbra As Investor And Advisor To Develop Credit Offering

Algbra, the UK based ethics and values-focused Fintech, is delighted to welcome President of Julo and former head of lending at Southeast Asian tech giant Grab, Ankur Mehrotra, as the latest investor to join Algbra’s suite of high-profile backers. Ankur will be focussed on assisting Algbra to develop its Sharia credit offering, working closely with management and the Values and Ethics Committee.

Mehrotra brings with him a wealth of industry knowledge and experience of the Southeast Asian market. Before Grab, he served as an executive at the International Monetary Fund and at Standard Chartered, and is a serial investor and entrepreneur. During his six-years at Grab, Mehrotra founded its lending business and led it to become one of the largest digital lenders in Southeast Asia. Ankur Mehrotra has an impressive track record of building scalable credit businesses and supercharging growth, will be a huge asset to Algbra.

He joins an impressive group of strategic backers that includes Lena Tan, Director of 7-Eleven in Malaysia; Coen Jonker; Co-Founder and CEO of TymeBank; Eamon Jubbawy, Co-Founder of Onfido and Sequence; Lord Philip Hammond, former Chancellor of the Exchequer; Rick Haythornthwaite, Chairman of The AA and Ocado Group and former Chairman of Mastercard; and Jeffrey Cruttenden, Founder of Acorns and Co-Founder of Say.

Founded during the Covid-19 pandemic by Chief Executive Officer Zeiad Idris and Chief Operating Officer Fizel Nejabat, the finance app is now live on the Apple App Store and on Google Play. Algbra’s features include Apple and Google Pay, 1% cashback on everyday spend, and carbon tracking and offsetting solutions.

Zeiad Idris, Co-Founder and CEO, Algbra: “Over the past year we have put a lot of work into developing institutional foundations for a globally scalable and market-leading fintech. Ankur’s knowledge and expertise in scaling digital credit businesses and South East Asian markets will be invaluable to Algbra.”