Alpian obtains banking license and closes its Series B+ financing round

Alpian, a company incubated by REYL Intesa Sanpaolo, applied for a full banking licence from the Swiss
Financial Market Supervisory Authority (FINMA). After a rigorous process, Alpian has become the first licensed digital private bank in Switzerland.

Alpian obtained its banking license and successfully closed a Series B+ financing round raising CHF 19
million.

Armed with this new licence and 48 million francs secured in several rounds of financing, Alpian is set to offer its services to the public in the third quarter of 2022. Alpian aims at developing a fully digital platform through which to serve the mass affluent client segment, typically comprising individuals with investable assets ranging from CHF 100,000 to CHF 1 million.

The advisors

Schellenberg Wittmer assisted Alpian with all aspects relating to the obtention of the FINMA
license, which will enter into force upon completion of formal conditions. The team of Schellenberg Wittmer was led by Grégoire Tribolet (banking & finance) and included Jean Jacques Ah Choon (corporate), Jean-Frédéric Maraia, Julien Witzig (both taxation), Jérémie Tenot and Simon Pidoux (both banking & finance).

Borel & Barbey advised Alpian in the context of the structuring and execution of its Series B+ financing round. The team included partners Luca Bozzo (pictured right) and Alexandre Gallopin (pictured left) working alongside associate Audrey Tasso.