Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, April 08 2021 - 16:30
Alpian secures USD 18 million Series B Funding
ZURICH, GENEVA and LUGANO, Switzerland, April 8, 2021 /PRNewswire-AsiaNet/ --

The digital financial services company Alpian SA ("Alpian"), incubated by the 
Swiss banking group REYL & Cie Ltd ("REYL"), today announced a successful 
Series B funding worth around USD18 million (CHF16.9 million). The fundraising 
follows the Series A round in 2020 in which CHF12.2 million was raised.

The company's latest funding will allow Alpian to finalise the development of 
its digital offering tailored for the mass affluent population, individuals 
with investible assets between CHF100,000 and 1,000,000, and ensure that all 
operations are in place to achieve a successful launch, subject to regulatory 
approval. The offering combines cutting edge technology with investment 
advisors to create tailored investment portfolios aligned to personal 
preferences aimed at delivering a unique experience to each client based on 
their concept of wealth. Payment services will also be offered to meet everyday 
banking needs. 

Schuyler Weiss, Alpian's CEO, said:

"While the Series A fundraising was conducted to build the digital bank, the 
Series B fundraising is intended to be principally used to launch the bank in 
the Swiss market, subject to the issuance of a full banking licence by FINMA."

Pasha Bakhtiar, Alpian board member and partner at REYL, said: 

"This exceptional milestone is a strong testament to the talent and execution 
capabilities of the Alpian management team and the innovative mindset 
championed by Reyl & Cie. We are particularly proud that this incubated idea 
has flourished into a blooming company and has attracted broad investor 
interest as well as support from our strategic partner ISP-Fideuram."

About Alpian

Alpian is a Swiss financial technology company incubated by the private bank 
REYL & Cie and incorporated in October 2019. It will combine private banking 
and wealth management services with everyday banking to potential mass affluent 
investors. Alpian has applied for a full banking license to Switzerland's 
Financial Market Supervisory Authority (FINMA) and intends to launch its core 
product and services range in the course of 2021, subject to the issuance of a 
full banking licence by FINMA.

About the REYL Group

Founded in 1973, the REYL Group is an independent diversified banking group 
with offices in Switzerland (Geneva, Zurich, Lugano), Europe (London, 
Luxembourg, Malta) and the rest of the world (Singapore, Dubai). The REYL Group 
manages assets in excess of CHF 13.5 billion and employs more than 220 

Media Contacts: 
C-Matrix Communications 
Vicki Tanner
+41 43 300 56 72

Source: Alpian