Kaspar& Disrupts Wealth Management Landscape with CHF 2.5M Seed Funding and Strategic Partnership
June 7, 2024, 3:33 pm
In a groundbreaking move that is set to revolutionize the wealth management sector, Swiss fintech company Kaspar& has recently secured a substantial CHF 2.5 million in Seed funding. This significant financial backing comes on the heels of a strategic partnership forged with Avaloq, a renowned leader in wealth management technology. Founded in 2020 by a group of forward-thinking individuals, Kaspar& has quickly made a name for itself in the industry by offering cutting-edge solutions for banking, payments, and investing.
One of the key features that sets Kaspar& apart from its competitors is its innovative investment app, which includes a unique save-as-you-spend functionality. This feature allows users to effortlessly round up their card payments and invest the spare change in index funds and exchange-traded funds (ETFs). By simplifying the investment process and making it more accessible to Swiss consumers, Kaspar& is empowering individuals to grow their wealth over time.
The strategic partnership with Avaloq marks a significant milestone for Kaspar& as it paves the way for the integration of the company's app into the Avaloq Core Platform. This integration will enable Swiss financial institutions to quickly and seamlessly offer Kaspar&'s innovative investment solutions to their retail and mass-affluent clients. The collaboration between Kaspar& and Avaloq underscores a shared commitment to driving innovation and democratizing wealth management in Switzerland.
The successful Seed funding round, led by Avaloq with support from BLKB, institutional investors, and business angels, further solidifies Kaspar&'s position as a trailblazer in the fintech industry. This financial backing will not only fuel the company's growth and expansion but also enable it to continue developing cutting-edge solutions that cater to the evolving needs of today's investors.
Kaspar&'s Co-Founders, including Luaro Böni, Sebastian Büchler, Jan-Philip Schade, and Lukas Plachel, are at the helm of this innovative venture, driving forward a vision of democratizing wealth management and making investing more accessible to all. With their unwavering dedication to innovation and customer-centric solutions, Kaspar& is poised to reshape the wealth management landscape in Switzerland and beyond.
One of the key features that sets Kaspar& apart from its competitors is its innovative investment app, which includes a unique save-as-you-spend functionality. This feature allows users to effortlessly round up their card payments and invest the spare change in index funds and exchange-traded funds (ETFs). By simplifying the investment process and making it more accessible to Swiss consumers, Kaspar& is empowering individuals to grow their wealth over time.
The strategic partnership with Avaloq marks a significant milestone for Kaspar& as it paves the way for the integration of the company's app into the Avaloq Core Platform. This integration will enable Swiss financial institutions to quickly and seamlessly offer Kaspar&'s innovative investment solutions to their retail and mass-affluent clients. The collaboration between Kaspar& and Avaloq underscores a shared commitment to driving innovation and democratizing wealth management in Switzerland.
The successful Seed funding round, led by Avaloq with support from BLKB, institutional investors, and business angels, further solidifies Kaspar&'s position as a trailblazer in the fintech industry. This financial backing will not only fuel the company's growth and expansion but also enable it to continue developing cutting-edge solutions that cater to the evolving needs of today's investors.
Kaspar&'s Co-Founders, including Luaro Böni, Sebastian Büchler, Jan-Philip Schade, and Lukas Plachel, are at the helm of this innovative venture, driving forward a vision of democratizing wealth management and making investing more accessible to all. With their unwavering dedication to innovation and customer-centric solutions, Kaspar& is poised to reshape the wealth management landscape in Switzerland and beyond.