ZURICH, GENEVA and LUGANO, Switzerland, April 8,
2021 /PRNewswire/ -- The digital financial services
company Alpian SA ("Alpian"), incubated by the Swiss banking group
REYL & Cie Ltd ("REYL"), today announced a successful Series B
funding worth around USD18 million
(CHF16.9 million). The fundraising
follows the Series A round in 2020 in which CHF12.2 million was raised.
The company's latest funding will allow Alpian to finalise the
development of its digital offering tailored for the mass affluent
population, individuals with investible assets between CHF100,000 and 1,000,000, and ensure that all
operations are in place to achieve a successful launch, subject to
regulatory approval. The offering combines cutting edge technology
with investment advisors to create tailored investment portfolios
aligned to personal preferences aimed at delivering a unique
experience to each client based on their concept of wealth. Payment
services will also be offered to meet everyday banking needs.
Schuyler Weiss, Alpian's CEO,
said:
"While the Series A fundraising was conducted to build the
digital bank, the Series B fundraising is intended to be
principally used to launch the bank in the Swiss market, subject to
the issuance of a full banking licence by FINMA."
Pasha Bakhtiar, Alpian board member and partner at REYL,
said:
"This exceptional milestone is a strong testament to the
talent and execution capabilities of the Alpian management team and
the innovative mindset championed by Reyl & Cie. We are
particularly proud that this incubated idea has flourished into a
blooming company and has attracted broad investor interest as well
as support from our strategic partner ISP-Fideuram."
About Alpian
Alpian is a Swiss financial technology company incubated by the
private bank REYL & Cie and incorporated in October 2019. It will combine private banking and
wealth management services with everyday banking to potential mass
affluent investors. Alpian has applied for a full banking license
to Switzerland's Financial Market
Supervisory Authority (FINMA) and intends to launch its core
product and services range in the course of 2021, subject to the
issuance of a full banking licence by FINMA.
About the REYL Group
Founded in 1973, the REYL Group is an independent diversified
banking group with offices in Switzerland (Geneva, Zurich, Lugano), Europe (London, Luxembourg, Malta) and the rest of the world (Singapore, Dubai). The REYL Group manages assets in
excess of CHF 13.5 billion and
employs more than 220 professionals.
Media Contacts:
C-Matrix Communications
Vicki Tanner
+41 43 300 56 72
vicki.tanner@cmatrix.ch
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SOURCE Alpian