ZURICH, GENEVA and LUGANO, Switzerland, April 8, 2021 / PRNewswire / – Digital financial services company Alpian SA (“Alpian”), formed by the Swiss banking group REYL & Cie Ltd (“REYL”), today announced the successful Series B funding of about US $ 18 million (CHF 16.9 million). Fundraising follows the Serie A round in 2020 in which 12.2 million Swiss francs was raised.
The company’s latest funding will enable Alpian to complete its digital offering targeting the high-net-worth population with investment assets between CHF 100,000 and 1,000,000, and ensure that all operations are completed for a successful launch, subject to regulatory approval. The offering combines cutting-edge technology and investment consultants to create tailor-made investment portfolios tailored to personal preferences, aimed at delivering a unique experience to each client based on their wealth concept. Payment services will also be offered to meet day-to-day banking needs.
Schuyler Weiss, CEO of Alpian, said:
“While the Series A fundraiser was for the creation of a digital bank, the Series B fundraiser is intended primarily to launch a bank in the Swiss market, subject to the issuance of a full banking license from FINMA.”
Pasha Bakhtiyar, Alpian Board Member and REYL Partner, said:
“This outstanding milestone is a compelling testament to the talent and executive ability of the Alpian management team, and the innovative thinking championed by Reyl & Cie. We are especially proud that this incubated idea has grown into a thriving company and has attracted widespread investor interest as well as the support from our strategic partner ISP-Fideuram. “
Alpian is a Swiss financial and technology company established by the private bank REYL & Cie and registered in October 2019… It will integrate private banking and wealth management services with day-to-day banking services for potential high-net-worth investors. Alpian has applied for a full banking license for Switzerland The Financial Markets Supervision Authority (FINMA) intends to launch a range of its core products and services during 2021, subject to the issuance of a full banking license by FINMA.
About REYL Group
REYL Group, founded in 1973, 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). REYL Group manages assets exceeding CHF 13.5 billion and employs over 220 specialists.
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