PR88888

ZURICH, GENEVA and LUGANO, Switzerland, April 8, 2021 /PRNewswire=KYODO JBN/ --

The digital financial services company Alpian SA ("Alpian"), incubated by the

Swiss banking group REYL & Cie Ltd ("REYL"), today announced a successful

Series B funding worth around USD18 million (CHF16.9 million). The fundraising

follows the Series A round in 2020 in which CHF12.2 million was raised.

The company's latest funding will allow Alpian to finalise the development of

its digital offering tailored for the mass affluent population, individuals

with investible assets between CHF100,000 and 1,000,000, and ensure that all

operations are in place to achieve a successful launch, subject to regulatory

approval. The offering combines cutting edge technology with investment

advisors to create tailored investment portfolios aligned to personal

preferences aimed at delivering a unique experience to each client based on

their concept of wealth. Payment services will also be offered to meet everyday

banking needs.

Schuyler Weiss, Alpian's CEO, said:

"While the Series A fundraising was conducted to build the digital bank, the

Series B fundraising is intended to be principally used to launch the bank in

the Swiss market, subject to the issuance of a full banking licence by FINMA."

Pasha Bakhtiar, Alpian board member and partner at REYL, said:

"This exceptional milestone is a strong testament to the talent and execution

capabilities of the Alpian management team and the innovative mindset

championed by Reyl & Cie. We are particularly proud that this incubated idea

has flourished into a blooming company and has attracted broad investor

interest as well as support from our strategic partner ISP-Fideuram."

About Alpian

Alpian is a Swiss financial technology company incubated by the private bank

REYL & Cie and incorporated in October 2019. It will combine private banking

and wealth management services with everyday banking to potential mass affluent

investors. 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.

About the REYL Group

Founded in 1973, the REYL Group is an independent diversified banking group

with offices in Switzerland (Geneva, Zurich, Lugano), Europe (London,

Luxembourg, Malta) and the rest of the world (Singapore, Dubai). The REYL Group

manages assets in excess of CHF 13.5 billion and employs more than 220

professionals.

Media Contacts:

C-Matrix Communications

Vicki Tanner

+41 43 300 56 72

vicki.tanner@cmatrix.ch

Source: Alpian