Challenger Bank SWISS4.0 Granted FINMA Fintech License

Switzerland

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Financial services app SWISS4.0 has been granted a fintech license by the Swiss Financial Market Supervisory Authority (FINMA) to operate as a financial institution, effective 18 November 2022.

SWISS4.0 said that it is the first Geneva-based fintech to receive the FINMA fintech license and the fourth in Switzerland to do so since the license was introduced in 2018.

The other three Swiss companies that have received the FINMA fintech license are Zurich-based Yapeal and SR Saphirstein’s Fiat24, and Zug-based Klarpay.

SWISS4.0’s website describes it as an “exclusive community which is tapping into exceptional experiences through a state-of-the-art banking services application.”

“There is a great flourishing fintech era happening in Switzerland, and I am thrilled and proud that SWISS4 is part of this, contributing to diversifying the fintech industry in Switzerland,”

said Zhina Asmaei, Co-Founder & CEO of Swiss4.0.

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