Alpian to raise $18 million

Alpian SA, a Geneva, Switzerland-based provider of digital financial services, announced that it raised $18 million in Series B funding.

The name of the investors was not disclosed.

Alpian, founded in 2019 by CEO Schuyler Weiss, developed a mobile app that provides access to a combination of private banking and wealth management services with everyday banking to serve mass affluent investors. Alpian integrates both banking and investing inside a single convenient product experience, targeting a market segment of mass affluent clients; individuals with anywhere from CHF100,000 to 1,000,000 to invest.

Besides the core private banking offering, each account will come with a debit card and multi-currency account in four currencies to facilitate everyday banking needs.

Alpian has applied for a full banking license to Switzerland’s Financial Market Supervisory Authority (FINMA) and intends to launch its core product and services range in the course of 2021, subject to the issuance of a full banking licence by FINMA. Ahead of its banking launch, the company created the education platform i-vest.ch to inspire and encourage people about topics related to finance, investing and wealth.

Alpian previously raised CHF12.2M ($12.6M) in 2020.