These tech startups make Geneva an innovative hub in 2020

Leading the Global Innovation Index for the ninth consecutive time, Switzerland has a sizzling tech startup ecosystem. The country is also a world leader when it comes to intellectual property and environmental performance.

Talking about the tech startup ecosystem in the country, the city of Zug is renowned for the presence of a slew of blockchain and cryptocurrency startups. Apart from this, Geneva is also home to some of the promising startups across industries, especially fintech. This city has opened its doors to entrepreneurs with innovative ideas. Here is a list of Geneva-based tech startups that you should watch out for in 2020.

MoonX

Founders: Tony Lee
Funding: €26.4 million
Founded year: 2018

Why its hot: MoonX operates with the mission to connect the modern financial markets with its fast, innovative, and secure electronic trading technology. It built the world’s fastest exchange technology and its Exchange technology excellence is indicated by the ‘X’ in its name. The company’s Implication Engine is the first-of-its-kind system, which lets users to convert their base trading currency into any type of desired asset-class providing 99% deterministic price and liquidity.

OneVisage

Founders: Christophe Remillet, Ronni Guggenheim
Founded year: 2013

Why its hot: OneVisage offers best-in-class authentication solutions to OEM integrators to help secure any mid-high value transactions and safeguard confidential and valuable data and assets by preventing identity theft as well as counterfeiting. The company’s SDKs are hardware and platform agnostic and have been designed to provide complete data protection and privacy.

MyKronoz

Founder: Boris Braul
Funding: €10.9 million
Founded year: 2013

Why its hot: Swiss smartwatch brand MyKronoz designs and develops wearable devices that are meant to improve the mobile, connected, and digital lifestyles. The brand intends to provide a mobile-user experience with its stylish, affordable, functional, and intuitive tech accessories. Operating in nearly 40 countries, MyKronoz offers a wide range of connected devices across four product categories such as smartwatches, activity trackers, watch phones, and analogue smartwatches.

STMicroelectronics

CEO: Jean-Marc Chery
Founded year: 1987

Why its hot: Swiss company STMicroelectronics is a world leader in providing the semiconductor solutions that leaves a positive impact on people’s lives, today and into the future. It is one of the largest semiconductor companies in the world and a leading integrated device manufacturer, which delivers solutions that promote Internet of Things and Smart Driving. In November 2019, STMicroelectronics teamed up with maxon to speed up the designing of robotics applications and industrial servo drivers.

Tamaggo

Founder: Jean-Claude Artonne
Funding: €13.9 million
Founded year: 2015

Why its hot: Tamaggo is a consumer electronics company that comes up with new thinking and big ideas. It creates products that are a balance between creativity and engineering. This startup operates with the mission to make it easy for people in their daily lives. One of its products is the egg-shaped 360 live-streaming camera with a built-in touchscreen.

Faveeo

Founder: Alexis Dufresne
Funding: €2.2 million
Founded year: 2012

Why its hot: Faveeo is a smart AI-powered tool that highlights meaningful and reliable content on any topic by finding and following the most reliable sources instead of popular ones. It is touted to be the first AI-driven trusted content platform. It highlights key metrics as well as trends from industry-specific influencers, thereby simplifying users’ social media insights. With its automated and smart publishing API, it expands the distribution of great content.

Quantreex

Founder: Ali Reza Kousari
Funding: €180k
Founded year: 2016

Why its hot: Quantreex provides an enterprise and retail investment or trading platform, which leverages data analytics and machine learning. It is the result of many years of research and development in the trading technology. By deploying technology, Quantreex designs strategies and exploits market opportunities. Quantreex let’s you backtest, optimise and trade simultaneously using technical indicators.

e-Potek

Founder: Florian Bienefelt
Funding: €930k
Founded year: 2018

Why its hot: Swiss fintech startup e-Potek automates and simplifies mortgage loan. To make the experience of availing a mortgage loan quicker and easier, e-Potek has developed its own online platform. Its software lets future homeowners make all potential lenders compete against one another and find the best mortgage. Its customer base comprises private individuals, property developers, and brokers.

ProtonMail

Founders: Andy Yen, Jason Stockman, Wei Sun
Funding: €6.3 million
Founded year: 2013

Why its hot: ProtonMail is a startup that provides easy-to-use and secure email system. Its email system is designed with the principle of zero access meaning user data cannot be read by the company or any other third-parties. This is possible as ProtonMail services do not store the encryption keys. This service is backwards compatible even with insecure email providers and users do not need any software to use the secure email system.

Stock photo from GlobalVision 360/Shutterstock

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