Fribourg’s Neur.on AI wins big at the Swiss FinTech Awards 2024

Neur.on AI and GenTwo have been recognized for their innovative contributions to the fintech industry, winning the Swiss FinTech Awards 2024 in the Early Stage Start-up of the Year and Growth Stage Start-up of the Year categories, respectively.

The 9th edition of the Swiss FinTech Awards celebrated outstanding Swiss start-ups and influential personalities, awarding them prizes to recognize their innovation, dedication, and impact on Switzerland’s financial landscape and beyond.

Since January this year, the competition’s committee and jury organized several rounds to evaluate over 100 applications and select the best contenders. Four made it to the finalists, and two emerged as winners in their respective categories: Early Stage Start-up of the Year and Growth Stage Start-up of the Year.

Neur.on AI wins the “Early Stage Start-up of the Year” category

Neur.on AI emerged victorious in the “Early Stage Start-up of the Year” category. Founded in 2022, the start-up offers an AI-based translation solution specialized for the financial industry, enabling more cost-effective and precise translations of any financial documents compared to existing market offerings.

Neur.on, a Fribourg-based LegalTech, had previously made headlines by securing a CHF 1.6 million investment round. The company is a spin-off from the specialized Swiss Language Service Provider, Hieronymus – Translations by Lawyers for Lawyers, and has developed LexMachina, a translation engine intensely used by large Swiss law firms, legal publishers, and cantonal public authorities. So far, over 50 million words have been translated through Neur.on’s platform. Thanks to the company’s commitment to confidentiality and data security, this solution is applicable in several sectors, including law firms, corporate departments, auditing, and consulting companies. With their solution, the start-up addresses a USD 10 billion market in financial and legal translations.

In the “Growth Stage Start-up of the Year” category, GenTwo took the prize. The Zurich-based start-up expands the investment universe through the “assetization” of previously inaccessible, unbankable assets – driven by technology and innovations in securitization and tokenization.