Category : Switzerland

Fintech Takes Lion’s Share in Q2 2021 Swiss VC Funding

Out of the CHF 1.4 billion raised by Swiss startups in Q2 2021, CHF 677 million, or nearly half of that sum, went towards fintech companies, according to a new report by Startup.ch, Switzerland’s largest startup directory and a leading news platform....

Revolut Forays Into the Travel Sector in a Bid to Become a Superapp

London-headquartered fintech giant Revolut is betting on the rebound of the travel sector. The company launched a new feature called Stays, that allows users to book hotels and other accommodation through the app. With its premium plans, Revolut̵...

Julius Baer Taps Wecan Comply’s Blockchain-Based Compliance Platform

Swiss wealth management group Julius Baer has formed a partnership with Wecan Comply, a blockchain-based compliance platform for private banks and external asset managers. Wecan Comply’s solution helps prevent compliance and administrative work...

Open Banking Fintech Yapily Raises US$51 Million in Series B Fundraise

Yapily, a London-based open banking infrastructure provider, announced the first closing of its US$51 million Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital and Latitude also participated in the round. With t...

Liechtenstein’s LGT Acquires Stake in German Digital Wealth Manager LIQID

LGT, an international private banking and asset management group owned by the Princely House of Liechtenstein, has agreed to acquire a strategic minority stake in the Germany-based digital wealth manager LIQID. In the future, LGT will contribute to t...

Wealth and Asset Managers Will Go Head to Head as Their Opportunities Converge

The recent Weath and Asset Management Report 2021 by Oliver Wyman and Morgan Stanley sheds light on emerging industry trends as the global market is poised to grow significantly over the next few years. According to the report, wealth and asset manag...

Insurtech Firma sponsored Fussball Stadium in Schaffhausen

Frohe Kunde beim Fussballclub Schaffhausen. Mit wefox steigt ein Insurtech Partner beim Stadtclub ein, der dem Stadion einen neuen Namen verleiht. Die Firma wefox Switzerland AG mit Sitz in Roggwil BE, gehört zur wefox, welches Kapitalgeberin von wef...

Facebook Pay To Be Available to Online Retailers Starting With Shopify

With digital payments picking up pace across the globe, social media giant Facebook is extending its payment services to online retailers. Shopify has become the first e-commerce platform to sign up for Facebook Pay. This will allow Shopify merchants...

Mastercard Taps Circle for Payment Settlement Pilot With USDC Stablecoin

Circle and Mastercard announced an engagement to use the USD Coin (USDC) to facilitate crypto-to-fiat conversions in a pilot programme to expand the ability of issuers and crypto businesses to enable customers to spend their crypto assets. The engage...

M1 Finance Clinches Unicorn Status with US$150 Million Fundraise

M1 Finance, an all-in-one money management platform, announced that it has secured US$150 million during a Series E funding round, the firm is now valued at US$1.45 billion. SoftBank’s Vision Fund 2 led the round, with participation from existing inv...

Latin America Sees Booming Digital Banking Sector with Brazil at the Lead

Over the last few years, digital banking in Latin America (Latam) has experienced extraordinary growth on the back of changing customer needs, expanding technological penetration and rapidly evolving regulatory standards. Since 2017, the number of di...

Swiss Proptech Firm PriceHubble Bags US$34 Million for Its International Expansion Plans

Swiss B2B proptech startup PriceHubble announced that it has successfully completed its Series B funding round and raised US$ 34 million. The financing round was strongly oversubscribed and led by Digital+ Partners, a European growth equity investor....

Sygnum Bank and Artemundi Tokenise a Picasso Worth CHF 4 Million

Swiss digital asset bank Sygnum and Artemundi, an art investment pioneer, have partnered to tokenise Picasso’s Fillette au béret painting. This marks the first time the ownership rights in a Picasso, or any artwork, are being broadcast onto the publi...

Swiss National Bank, SIX Launch the Secure Swiss Finance Network for Data Sharing

The Swiss National Bank (SNB) and SIX Swiss Exchange are launching the Secure Swiss Finance Network (SSFN) communication network to further improve the resilience of the financial system against cyber risks. It is aimed at secure, flexible and resili...

Revolut Raises US$800 Million in Series E Fundraise, Valuing It at US$33 Billion

Revolut, the financial superapp with more than 16 million customers worldwide, announced an US$800 million series E funding round, valuing the business at US$33 billion. The new funding round brings onboard two new investors, SoftBank Vision Fund 2 a...