Alpian obtains FINMA banking license and CHF 19 million Series B+ investment

Originally incubated by REYL Intesa Sanpaolo, the Swiss banking group majority-owned by Fideuram - Intesa Sanpaolo Private Banking, Alpian is introducing private banking services and investment expertise to the Swiss affluent, enabling banking, saving, investing, and wealth management in one app. The company’s hybrid model combines a secure, state-of-the-art banking experience with the support and guidance of Alpian’s qualified wealth advisors, giving affluent clients access to a service normally reserved for those at a traditional private bank.

Thanks to the newly obtained FINMA license, Alpian is the first digital private bank in Switzerland. “With the launch of Alpian, we are responding to what we see as blue ocean space in the banking industry. We seek to create a whole new segment of ‘premium’ banking tailored to the financial needs of a new aspiring generation,” said Roman Balzan, Chief Marketing Officer, Alpian. The startup will first launch its alpha release to its internal team of 70 employees – which consists of the Alpian leadership team, as well as technical staff, business development, and marketing – followed by the public launch later this year. According to the startup, there is a huge interest in the services, which led to the opening of a waitlist for early invitations.

Oversubscribed CHF 19 million series B+ round
The fintech startup has also secured a third round of financing which was fully subscribed by the Intesa Sanpaolo Group. The round follows a Series A of CHF 12.2 million in 2020 as well as a Series B of CHF 16.9 million in 2021 and will directly support the deployment of Alpian’s whole range of services in Switzerland, comprising both private banking and online banking services. With their latest investment, Intesa Sanpaolo Group and Fideuram have become minority shareholders in Alpian.

“While the prior series of financing served to lay the foundations of the bank, the Series B+ round sets Alpian up for a full launch into the Swiss market. This directly supports the deployment of the company’s full range of services in the market, with a digital private banking service including an impact investment offering, digital face-to-face access to experienced financial advisors, boutique investment products, along with i-vest – our online platform dedicated to demystifying the world of wealth management,” elaborated Balzan.

The recently launched i-vest financial wellness platform aims to inspire and encourage people to explore topics around finance, i-vesting (as we call it), and wealth creation. There we already have around 25’000 active users. Our target for 2022 is to onboard 5,000 clients.

(Press release/RAN)