Digital private bank boosts coffers to CHF30 million
Switzerland knows how to do banking, but the jury is still out on digital finance. This year should see the arrival of a new digital private bank, called Alpian, which has secured further backing.
This content was published on April 8, 2021 - 08:30
April 8, 2021 - 08:30
Matthew Allen
When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch s business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz.
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Alpian has just raised CHF17 million from investors, on top of a CHF12 million haul last year. It aims to bridge the gap between plush wealth managers and a digital robo-advisors. It hopes to get a banking license this year, targeting clients with savings of between CHF100,000 and CHF1 million (known as the “mass affluent”).
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Digital private bank boosts coffers to CHF30 million
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Life is a Box of Swiss Chocolates is a recurring column showcasing the life of a UFV student studying abroad. Jennifer is in Lucerne, Switzerland at the Lucerne University of Applied Sciences and Arts this semester, and documenting the process as she goes.
I recently turned 25, and I had the best birthday here in Switzerland. Now, I should tell you that Swiss people are very private and not very fond of the whole big birthday display. So when I told a couple of Swiss friends that I wanted to celebrate my birthday weekend, they thought I was being kind of silly. It’s just not a thing people do here. But I figured 25 is a big deal regardless. I’m not around my family or longtime friends, so I wanted to do it up good.