Key Swiss FinTech investment stats in 2024:
- Swiss FinTech deal activity halved in 2024
- Zero deals over $100m were recorded as investors prioritised smaller, less risky deals
- Alpian, a digital banking platform, secured the largest FinTech deal in Switzerland for the year, with a Series C funding round of $84m
Swiss FinTech deal activity halved in 2024
The Swiss FinTech market saw a sharp decline in both deal volume and total funding in 2024.
The year closed with 63 deals, reflecting a 53% drop from the 134 deals recorded in 2023 and a 61% decline from the 160 deals seen in 2020.
Total funding in 2024 amounted to $521m, marking a 70% fall from the $1.7bn raised in 2023 and a 49% decrease from the $1bn secured in 2020.
Despite the downturn, the average deal size remained stable at $8.3m in 2024, a marginal 4% decrease from $8.5m in 2023 but a 30% increase from $6.4m in 2020, suggesting a shift towards fewer but relatively larger transactions.
Zero deals over $100m were recorded as investors prioritised smaller, less risky deals
All funding in 2024 came from deals under $100m, amounting to $521m, which represents a 41% decline from the $890m recorded in 2023 and a 49% drop from the $1bn seen in 2020.
Notably, no deals above $100m were recorded in 2024, compared to the $819m raised by such deals in 2023.
This signals a cautious investment environment, with investors favouring smaller, less risky deals amid ongoing economic and market uncertainties.
The absence of high-value transactions suggests a retreat from the more ambitious funding rounds seen in previous years, indicating a more conservative outlook for the Swiss FinTech sector.
Alpian, a digital banking platform, secured the largest FinTech deal in Switzerland for the year, with a Series C funding round of $84m
The investment, which includes $44m contingent upon regulatory approvals, highlights the growing confidence in Alpian’s innovative approach to digital wealth management and banking services.
The new capital will fuel further advancements in Alpian’s financial solutions as the company continues its rapid expansion.
In 2024, Alpian doubled its client base to several thousand in the first four months alone, with total assets nearing $111m, driven by its advisory mandate that bridges managed and self-directed solutions.
This mandate, offering access to curated investment opportunities and personalised recommendations, complements the ‘Managed by’ discretionary mandate, contributing to a remarkable net performance of 14.28% in managed assets since inception.
Additionally, Alpian’s competitive banking features, including some of Switzerland’s highest deposit interest rates and significantly lower forex exchange fees compared to traditional banks, continue to attract a growing client base.
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