Based in Carouge, Switzerland, Alpian, a new digital financial services brand has raised CHF 12.2 million (approx €11.5 million) funding in a Series A round.
This financing will enable the Swiss fintech company to accelerate its growth plans and pursue its ambitions to receive a full banking license from the Swiss Financial Market Supervisory Authority (FINMA), launching as a fully licensed digital affluent bank in 2021.
Speaking on Alpian’s strategy Schuyler Weiss, Alpian CEO, said:
“With Alpian, we will introduce a new way for affluent clients to the bank that is attuned to how they want to manage their wealth. Our approach is client-centric first and foremost, with technology and innovation underpinning everything we do. As we develop our technology, we will be able to scale operations swiftly while maintaining the exceptional service standards set for each and every client interaction.”
Innovative banking offering!
Alpian’s strong, diverse team is headed up by CEO, Schuyler Weiss, who has a proven track record in digital transformation and disruptive financial technologies (previously at Morgan Stanley), before incubating Alpian at Reyl Bank.
The Swiss financial service aims to create an innovative new banking offering, tailored to the mass affluent population (those with investable assets of between CHF 100k – 1 million) in Switzerland, worth an estimated CHF 660 billion (approx €625 billion).
Notably, the platform’s core offerings will include tailored investment boutique products, secure digital face-to-face access to experienced financial advisors, and simplified, transparent everyday banking services.
Schuyler Weiss added:
“The genesis of Alpian comes from the clear vision of our experienced and well-diversified team. This brings with it an ability to execute our vision, unimpeded. Securing the Series A funding is a testament to our business fundamentals and our ability to execute. Furthermore, it is a big step towards reaching full technological and operational readiness over the coming months.”
REYL partner Pasha Bakhtiar said:
“Alpian started as an incubation project at REYL but we soon realised the full potential of this unique, ground-breaking value proposition. The fact that Alpian has secured such an impressive Series A round demonstrates the confidence investors also have in the blue ocean space we have identified. My Partners and I are immensely trusting in the quality of the Alpian team and we are excited to accompany them on the next stages of the journey.”
Main image credits: Alpian
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