Alpian, a Swiss digital-first private bank, has raised CHF19m in a Series B+ funding round headed by Fideuram – Intesa Sanpaolo Private Banking.
Founded in 2019, Alpian is aimed at Switzerland’s afluent market and is expecting to launch later this year. The company claims it unifies everyday banking with accessible investment and private banking services in a mobile app so that ‘your financial life fits comfortably in the palm of your hand’.
Alpian – which has been incubated by Reyl Intesa Sanpaolo – also secured its Finma banking license which will help it launch its alpha release to employees internally before it is launched to the public in the third quarter of this year.
The firm is targeting those that have investible assets of between CHF100,000 and CHF1m – which is a large demographic in the Swiss market.
It claims it is looking to bring in these mass affluent clients through a combination of machine intelligence and human advisors to develop unique portfolios that are aligned to personal preferences, beliefs, philosophies and goals.
Alpian CEO Schuyler Weiss said, “With the funds raised during the Series B+ and with its new standing as a licensed Swiss bank, Alpian is well equipped to launch its offering and to start the process of earning the trust of each and every one of its future clients.”
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