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Alpian experiences rapid growth, closes its CHF 76M series C to fuel expansion of which CHF 40M to be executed upon regulatory approvals

Alpian experiences rapid growth, closes its CHF 76M series C to fuel expansion of which CHF 40M to be executed upon regulatory approvals

8 May 2024
Press releases

Geneva, Switzerland – 08th May 2024 – Alpian, Switzerland's first premium digital bank, today announced significant milestones, including substantial growth, the completion of the last step of its pivotal Series C, totaling CHF 76M of which CHF 40M to be executed upon the regulatory approvals. This investment underscores confidence in Alpian's trajectory and will accelerate its growth and innovation in digital wealth management and banking services. The CHF 40M investment has been led by Fideuram - Intesa Sanpaolo Private Banking with contributions from other existing investors enabling the former to have majority ownership upon achievement of all the required regulatory authorisations.

Accelerated Growth Amidst Innovation

Alpian has experienced strong growth in 2024. In the first four months of 2024 alone, the client base more than doubled to several thousand, and total client assets are rapidly nearing CHF 100 million. This expansion is driven by Alpian's commitment to innovation, including:

  • "Guided by Alpian" advisory mandate: This first-of-its-kind advisory mandate bridges the gap between managed and self-directed solutions. Rapidly adopted by clients, this mandate provides access to a curated universe of investment opportunities across asset classes, accompanied by personalized recommendations. Together with 'Managed by,' its signature discretionary mandate, it completes its investment offering.

  • Investment Performance: Since inception up to April 30, 2024, our managed assets (aggregated performance of all clients of Alpian) have achieved a performance of 14.28% net of fees. For comparison, in 2023, a balanced strategy in CHF yielded 6.6%, while the average for wealth management clients was 3.3% according to Performance Watcher. Alpian consistently outperformed most competitors in both absolute and risk-adjusted returns across various risk profiles.

  • Competitive Banking Advantages: Providing some of Switzerland's highest deposit interest rates (1% up to CHF 100K, 1.25% from CHF 100K to 1M) and some of the lowest forex exchange fees (up to 7x lower FX-rate fees than traditional banks).

Strengthened Partnership and Strategic Ownership

Alpian's strategic partnership with Fideuram - Intesa Sanpaolo, initiated in 2022, has been instrumental in fueling innovation. This collaboration would deepen, also as a result of Fideuram - Intesa Sanpaolo becoming Alpian's majority shareholder (subject to customary regulatory approval), positioning Alpian to further transform digital wealth management within the Swiss banking landscape.

Gianmarco Bonaita, CEO of Alpian, says: "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."

*Disclaimer: Past performance is not indicative of future results. It's important to note that investing always involves risks, including the potential loss of principal.

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Alpian secures USD 18 million Series B Funding
Alpian obtains FINMA banking license and secures CHF 19 million Series B+ financing
Alpian and Fideuram – Intesa Sanpaolo Private Banking have entered into a strategic collaboration to accelerate the evolution of the digital wealth management offering of Fideuram-ISPB.