Apian raises EUR 11.5 mln in Series A funding

Wednesday 6 May 2020 14:28 CET | News

Switzerland-based challenger bank, Alpian, has closed a Series A funding round worth EUR 11.5 million. 

According to EU-startups, the funds should enable Alpian to accelerate its growth and help it receive a full banking license from the Swiss Financial Market Supervisory Authority (FINMA), launching as a fully licensed digital affluent bank in 2021.

Fintech startup Alpian aims to create a new banking offering, tailored to the mass affluent population (those with investable assets around EUR 1 million) in Switzerland, worth an estimated EUR 626 billion.

Alpian’s core offerings will include tailored investment boutique products, secure digital face-to-face access to experienced financial advisors, and simplified everyday banking services. The startup will leverage proprietary and disruptive technology to develop scalable, personalised private banking.

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Keywords: Switzerland, fintech, startup, Apian, challenger bank, banking license, Swiss Financial Market Supervisory Authority, FINMA, digital, disruptive technology
Categories: Banking & Fintech
Countries: Switzerland
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Banking & Fintech

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