Digital bank Alpian secures CHF 76 million to drive growth and innovation
Finance
14 May 2024
Alpian’s significant financing round includes CHF 36 million already secured and an additional CHF 40 million pending regulatory approval. | © Alpian
Geneva-based digital private bank Alpian has successfully closed its Series C funding round, securing a total of CHF 76 million to accelerate its growth and enhance its digital wealth management services.
Alpian, Switzerland’s first premium digital bank, has demonstrated substantial growth since its inception. In the first four months of 2024 alone, the bank’s client base more than doubled, reaching several thousand, and total client assets are nearing CHF 100 million.
The CHF 40 million investment, led by Fideuram – Intesa Sanpaolo Private Banking, will make the Italian banking group Alpian’s majority shareholder, subject to regulatory approvals. This partnership will enable Alpian to leverage the strategic and financial support of Fideuram – Intesa Sanpaolo, further propelling its growth and innovation trajectory.
“This strategic development signifies strong validation of our achievements and our vision for the future. With the enhanced partnership and additional capital, we are poised for accelerated growth and continued redefinition of Swiss banking and wealth management,” said Gianmarco Bonaita, CEO of Alpian.
Redefining banking and wealth management in Switzerland
Alpian’s innovative approach includes the “Guided by Alpian” advisory mandate, which bridges the gap between managed and self-directed investment solutions. This mandate offers clients access to a curated universe of investment opportunities across various asset classes, accompanied by personalized recommendations. Additionally, the Geneva-based fintech provides competitive banking advantages, such as some of Switzerland’s highest deposit interest rates and some of the lowest forex exchange fees.
The strategic partnership with Fideuram – Intesa Sanpaolo, initiated in 2022, has been pivotal in driving Alpian’s innovation and growth. With Fideuram – Intesa Sanpaolo becoming the majority shareholder, Alpian is well-positioned to transform digital wealth management within the Swiss banking landscape.
