Category : Switzerland

Swiss Insurtech Firm Helvengo Raised Over CHF 4.2 Million in Seed Funding Round

Helvengo, a Zurich-based insurtech company focused on small and mid-size enterprises (SMEs) has secured over CHF 4.2 million in a seed financing round. The round was led by TX Ventures, the VC arm of Swiss media company TX Group, which is further exp...

Crypto Firm Fireblocks Raises US$550 Million, Now Valued at US$8 Billion

Fireblocks, a US-based platform that allows financial institutions to store, move and issue cryptocurrencies, has raised US$550 million in Series E funding, vaulting its valuation to over US$8 billion. The funding round, co-led by D1 Capital Partners...

UBS Acquires Digital Wealth Manager Wealthfront for 1.4 Billion USD

Today, UBS and Wealthfront, an automated wealth management provider, signed an agreement whereby UBS would acquire Wealthfront in an all-cash transaction valued at $1.4 billion. With over $27 billion in assets under management and more than 470,000 c...

Project Helvetia Successfully Integrates DLT-Backed Wholesale CBDC Into Existing Core Banking Systems

In Switzerland, Phase II of Project Helvetia has been completed, successfully demonstrating that it is possible to integrate a wholesale CBDC (wCBDC) running on a distributed ledger technology (DLT) platforms into existing core banking systems. Kicks...

UK’s Crypto Index Series Pockets Seed Funding From coinIX and F10 Investment

German investment company coinIX and F10 Investment, the investment arm of fintech incubator F10, have jointly poured in seed investment into the Crypto Index Series (CIS). CIS is a UK startup that had successfully graduated from the F10 Incubation P...

J.P. Morgan to Acquire a Stake in Viva Wallet

J.P. Morgan announced that it has entered into an agreement with Athen based Viva Wallet, a leading European cloud-based payments fintech company, and its existing shareholders to acquire an ownership stake of approximately 49%, subject to regulatory...

Abacus lanciert innovative Bankkarte mit Hilfe von Yapeal und baut Beteiligung aus

Mit der Lancierung stellt Abacus die Vorteile der Technologie von YAPEAL all ihren Kunden zur Verfügung. Spesen und Zahlungen können in Echtzeit abgewickelt und verbucht werden. Manuelle Buchungen in der Buchhaltung erübrigen sich für diese Prozesse....

GLKB offeriert neu Freizügigkeitslösung auf für Finanzberater

Nach dem Start von freeME im Juli 2021 lanciert die Glarner Kantonalbank nun eine Erweiterung der Online-Freizügigkeitslösung. Damit kommt sie dem Bedürfnis von Finanzberaterinnen und Finanzberatern entgegen und stellt als erste Anbieterin im Markt e...

Raiffeisen’s Valyo Stops Online Security Issue Platform

Valyo AG discontinues business activities – Raiffeisen Switzerland guarantees paying agent function for issued securities. Valyo AG was founded in 2019 and was able to launch its platform in June 2020, which digitised the issuing process of bon...

“BORN IN SWITZERLAND” Swiss Original Fintech Overview Map Update: 200 Companies

Luc Schuurmans, Deputy CEO, Executive Management at Bank Linth, put together an updated overview map of Fintech Companies “Born in Switzerland”. Here are the descriptions of all the Swiss Fintechs listed in Luc’s map: Funding investiere is the leadi...

Goldman Sachs Paper: Gaming and Media Industry Leads Metaverse Race

The metaverse, a concept that refers to a shared, immersive virtual environment facilitated by the use of VR and augmented reality (AR) headsets, has emerged into one of the hottest trends in the corporate world, becoming something startups and large...

Philippines’ UnionBank Picks METACO to Set Up Its Digital Asset Custody Operations

The Union Bank of the Philippines has selected METACO, a provider of security-critical software and infrastructure to the digital asset ecosystem, to implement its digital asset management services. The bank will leverage METACO Harmonize which is it...

Meta Advances Work on Diem; Alphabet Shifts Focus on APAC Payment Market

These past few years have seen American bigtechs continuing to make inroads into fintech, teaming up with legacy financial institutions to embed financial services into their platforms, and taking part in strategic funding rounds to get their hands o...

Swiss ‘Unicorn’ Banking App Reincarnates as Bitcoin Vault

Swiss fintech company Numbrs has blamed jealous banks for killing off its original business model as a third-party provider of financial products. So it has reinvented itself under the banner of the ultimate bank killer – bitcoin. The company, fêted...

Temenos Launches IMPACT Partner Programme for Open Collaboration

Banking software company Temenos has strengthened its commitment to a partner-first future with the launch of the Temenos IMPACT Partner Programme. The new partner programme aims to drive deeper collaboration and tighter engagement with system integr...