After winning Swiss customers and investors Boston-based Adjoint has decided to open its newest office in Zug. The startup has developed a private and permissioned blockchain infrastructure for regulated and security reliant ecosystems, which helps multinationals manage their liquidity across various entities. We asked CEO and Co-Founder, Havell Rodrigues, about his plans, the Swiss team and how it all started.
Adjoint recently opened a new office in Zug. What are your plans here in Switzerland?
Our clients are a range of global Fortune 500 companies, in addition to startups that are using our blockchain infrastructure to develop their own business. Switzerland has several global multinationals based here who would make for ideal clients. Currently we have a few employees working at the Switzerland office, that will be leading the growth efforts on the client and hiring side. We plan to expand soon, as well as partner with local firms who can complement our core technology offering when it comes to delivering end-to-end solutions to clients in Switzerland. Additionally, there are plans for management to spend significant time and travel to the DACH region, which we expect the Swiss office to cover. Within the next year, we will hire geographic and product leads.
Who is part of Adjoint’s management team here in Switzerland?
We recently welcomed financial services expert, András Miklós (Andras@adjoint.io). He will lead the Switzerland business development efforts for Adjoint. Prior to joining us, Andras was at Credit Suisse in International Wealth Management in Zurich to drive part of their strategic project portfolio.
Was the decision to move here a result of your participation in the Kickstart Accelerator program in 2017?
The Kickstart Accelerator played a large role in our decision to expand to Switzerland. The program not only introduced us to the major players in the ecosystem and helped us work directly with large corporates in Switzerland, but that activity eventually led to us landing our first major corporate client in Switzerland, which has been important in fueling our growth trajectory.
You mentioned a first major Swiss corporate client. Have you been able to secure investments by Swiss investors as well?
Yes, we have current investors from Switzerland. The majority of our Switzerland investors are members of SICTIC and the others are senior executive from large corporations that have a presence in the region.
What other milestones has Adjoint achieved so far?
We have accomplished a great deal in the amount of time we have existed, in terms of building a full tech stack, which has been open sourced, a secure smart contract language, SDKs for integration with legacy systems and so forth. Within those two years we also opened three offices in Houston (TX), London and now in Zug. Furthermore, we are generating recurring revenue from products we developed that are in production.
(Picture: adjoint.io)
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