Alpian obtains secures CHF 19 million Series B+ financing

Alpian SA (“Alpian“), a highly innovative digital private bank that will address the needs of the Swiss affluent population, today announced the granting by FINMA of a banking license and the successful closingA Series B+ financing round of CHF 19 million. Both milestones will enable Alpian to launch to the public in Q3 2022, becoming Switzerland’s first digital private bank.

Originally incubated by REYL Intesa Sanpaolo, the Swiss Banking group majority-owned by Fideuram – Intesa Sanpaolo Private BankingAlpian secured a third round of financing which was fully subscribed by Fideuram – Intesa Sanpaolo Private Banking. It follows a Series A of CHF 12.2 million in 2020 as well as a Series B of CHF 16.9 million in 2021 and will directly support the deployment of Alpian’s whole range of services in Switzerland, comprising both private banking and everyday banking services.

Thanks to the newly obtained FINMA License, which will enter into force upon the completion of certain formal conditions, Alpian will shortly launch its alpha release to internal employees and is set to offer its services to the public by Q3 2022. Through the combination of both machine and human intelligence, Alpian will introduce private banking services and investment expertise to the Swiss affluent.

This hybrid model combines a secure, state-of-the-art banking experience with the support and guidance of Alpian’s qualified wealth advisors, giving affluent clients access to a service normally reserved for those at a traditional private bank.

To complement its private banking services, Alpian has seamlessly woven everyday banking features into its digital client experience, including a simple and cost-effective foreign exchange and bank transfer service, an exclusive metal debit card with in-app card controls, and a chat interface allowing clients to communicate with Alpian’s Swiss-based banking specialists in the four supported languages.

Schuyler Weiss, CEO of Alpian, commented:

“Since 2019, we have built what will become Switzerland’s first digital private bank. With the funds raised during the Series B+ and with its new standing as a licensed Swiss bank, Alpian is well equipped to launch its offering and to start the process of earning the trust of each and every one of its future clients.”

Pasha Bakhtiar, REYL Intesa Sanpaolo Partner and Chairman of the board at Alpian, added:

“We are proud to have passed these two milestones on our way to delivering a truly unique and bespoke digital private Banking offering. The successful journey so far is a testament to the resilience and dynamism of the Alpian team, as well as the vision of REYL Intesa Sanpaolo in incubating Alpian.”

Luca Bortolan, Head of Direct Bank Fideuram Intesa Sanpaolo Private Banking, added:

“From the beginning, we have seen Alpian as a great opportunity to invest in the development of digital private BankingAlpian will bring both strategic and synergy driven value, enabling Fideuram to demonstrate its proactive commitment of addressing the needs of its current and future clients, promptly adapting its offering to the customers’ preferences.”

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