SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has announced a strategic investment in Algbra, an ethical finance focused and sharia-compliant UK-based fintech. As part of the agreement, Shoal, SC Ventures’ sustainable finance platform, will partner with Algbra. The terms of the deal are undisclosed. Demand for sustainable and ethical finance continues to grow, with consumers seeking offerings to align their money with their personal ethics and values. According to research, 74% of retail finance customers want their savings to have a positive impact on the planet and 52% would switch providers…
Read MoreSC Ventures makes strategic investment in Algbra, establishes partnership with its UK sustainable finance platform Shoal
