InvestGlass is in the midst of a renaissance. Struggling for survival until 2020 after several setbacks, the Swiss fintech led by Alexandre Gaillard regained ground with ambitious customer projects and reinvented itself, without raising funds. Six months after the 2022 launch of its automated banking platform, the company has onboarded more than 100 customers from 3 continents and has big ambitions.
After a difficult start and some setbacks, InvestGlass is back in business. In the midst of the pandemic in 2020, the Swiss fintech literally started from scratch by working on ambitious projects for clients. An opportunity that Alexandre Gaillard seized to regain ground and create a brand new product. Six months ago, the startup launched its automated banking platform for a few clients. Today, more than 100 banks, insurance companies, embassies, brokers and other industries, including government agencies, have gone digital. Most are from Europe, Asia and the Middle East.
InvestGlass is a Swiss sovereign cloud solution offering a suite of automation tools that makes sales more productive. With InvestGlass, firms can onboard clients quickly and easily, track their investment portfolios, and market their services more effectively. InvestGlass leverages the latest artificial intelligence technologies, such as chatGPT, to improve bank productivity. InvestGlass' code is proprietary and Swiss, making it ideal for banks, brokers or any industry entity looking for a "non-US CRM" that they can host on their server. Eventually, the Geneva-based fintech aims to replace American CRM and portfolio management systems that do not protect Swiss neutrality and do not offer the right protection in this digital world.
In terms of product development, CEO and Founder Alexandre Gaillard explains that his team is working now on other industries such as real estate, embassies and oil and gas to offer new modules and more uses cases in those industries. Adding: “We are also connecting a dozen new fintech partners with their API to increase the connectivity and deliver an affordable tool to entrepreneurs and legacy companies.”
Based in Geneva, InvestGlass employs 48 employees in 4 time zones (Vietnam, India, the Gulf region and France) where the company is set to develop its commercial presence. In view of the current growth, the fintech intends to double its staff until the end of the year and is targeting an annual turnover of CHF 100 million in 2026. To support this growth, the company will soon launch a fundraising campaign.
Speaking of his resilience in the face of business setbacks and the turnaround, Alexandre Gaillard acknowledges that the support of his family and friends helped him go through the challenging times and bounce back. This experience has also changed his way of working and vision.
(ES)
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