Alpian, a Carouge, Switzerland-based digital financial services company, raised CHF 12.2m in Series A funding.
The backers were not disclosed.
The company intends to use the funds to accelerate its growth plans and pursue its plans to receive a full banking license from the Swiss Financial Market Supervisory Authority (FINMA), launching as a fully licensed digital affluent bank in 2021.
Incorporated in October 2019, led by Schuyler Weiss, CEO, and incubated by Swiss banking group REYL & Cie Ltd, Alpian plans to offer will tailored investment boutique products, secure digital face-to-face access to experienced financial advisors, and simplified everyday banking services. Through a digital interface, the company will leverage proprietary and technology to develop scalable, personalised private banking.