When it comes to bots, no one has more variety than #Slack. More than 500 bots populate the popular messaging platform. This activity has naturally led to an interest in companies creating bots. Since the launch of its $ 80 million Slack Fund in Dec. 2015 – backed by the likes ofRead More
Bank Innovation
#CreditGate24 is an online peer-to-peer #lending #platform that connects borrowers with investors. Borrowers benefit from a quick and easy credit application, greater flexibility, lower interest rate, and a simpler and more straightforward credit check process than with traditional financial institutions.
It took the company over a year to develop the platform which launched in March 2015. CreditGate24 Schweiz AG, based in Ruschlikon/Zurich, specializes in the personal loans and the SME financing segments. The company runs a highly automated platform connecting borrowers with private and institutional investors, offering an efficient and scalable settlement of loans. CreditGate24 operates strictly online, which allows the company to minimize the costs for users.
CreditGate24 seeks to distinguish itself by consistent ratings and interest rates, a strict credit check based on classic credit assessment methods, Big Data analysis, the insurance and the solidarity agreement. Furthermore, the anonymity of borrowers and lenders are guaranteed.
It utilizes risk-pooling by way for a solidarity agreement, which allows each individual investor to be minimally affected by a loan default and get the expected return to be secured. Furthermore, in the case of death, the residual debt balance (up to CHF 100,000) is insured by Generali for all rating categories.
In an email statement CreditGate24 claimed that they financed 100 credit-project in the first year and in total 310 until end of November (within 20 months) with zero loss.
Most anyone can invest money over the platform (investors with certain countries of residence are excluded for juridical reasons, e.g. USA). However, they have a strong focus on investors domiciled in Switzerland and Liechtenstein. Investors need to be at least 18 years old and have a valid Swiss bank account. CreditGate24 operates under the Swiss Money Laundering Law. A minimum investment of CHF 500 per loan project is required.
The company earns money by charging borrowers an annual fee of 0.6% – 0.8% per annum of the loan amount which is deducted from the pay out amount. Investors pay a fee of 1% on every monthly installment paid back by the borrower.
CreditGate24 is an official partner of Hypothekarbank Lenzburg, providing the bank with its platform for clients who wish to apply for personal loans. The partnership was established “in the best interest of customers,” who can directly benefit from low interest rates and flexible solutions. This partnership is the first official partnership with a bank in Switzerland
“The credit underwriting process of CreditGate24 meets current industry standard in the lending business,” said Marianne Wildi, CEO of Hypothekarbank Lenzburg. “We therefore recommend CreditGate24 to our customers – both for borrowers and for lenders.”
CreditGate24 is regulated by the Financial Services Standards Association (VQF), and is a member of the ZEK (Verein zur Führung einer Zentralstelle für Kreditinformationen) and the IKO (Verein zur Führung einer Informationsstelle für Konsumkredit).
CreditGate24 is one of the peer-to-peer lending platforms that emerged in Switzerland in recent years alongside Cashare, creditworld, Lend, splendit and swisspeers.
In 2015, CHF 27.3 million was raised for 1,342 campaigns in Switzerland, according to the Institute of Financial Services Zug IFZ.
Peer-to-peer lending saw the highest growth from 2014 to 2015, reaching CHF 7.9 million – a +127% rise.
According to the annual Crowdfunding Monitoring Switzerland report, 2016 is expected to see at least a doubling of sums raised in the Swiss crowdfunding market, driven, in particular, by lending to SMEs and real estate crowdfunding.
Real estate crowdfunding platforms that are based in Switzerland include Stoneclub and Crowdhouse.ch.
The post Fintech Startup Of The Month: P2P Lending Platform CreditGate24 appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
Jeden Monat veröffentlicht e-foresight von Swisscom eine Marktübersicht der Schweizer #Fintech Start-ups mit einer Kategorisierung nach Handlungsfelder sowie relevante Incumbents.
Kriterien für eine Platzierung des Start-ups auf der Landkarte: Ein Fintech Start-up ist vor weniger als 10 Jahren gegründet worden, ist in der Schweiz ansässig, fokussiert sich auf Geschäftsmodellinnovationen und neue Technologien im Finanzsektor und hat noch nicht den Zielreifegrad erreicht.
Sie zeigt, was Banken heute bereits anbieten und welche Bedürfnisse KMU haben. Wenig überraschend, klafft zwischen Angebot und Nachfrage noch eine Lücke. Die Schweizer Banken sind aber auf dem Sprung. Im Anh
The post Swiss FinTech Startup Map, December 2016: Xmas Edition appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
In Malcolm Gladwell’s book “David and Goliath: Underdogs, Misfits, and the Art of Battling Giants”, Gladwell asks his readers to reframe the classic biblical battle of David and Goliath. Rather than say David won despite his disadvantages in height and size, he argues David’s disadvantages should rather be seen asRead More
Bank Innovation
Cashboard, a Redalpine Capital II portfolio company and Europe’s first curated marketplace for retail investment, has secured a #Series A funding of EUR 3m led by Digital Space Ventures.
#Cashboard Founders André Holdschick, Stephan Henker, Robert Henker, Marius Schulze
“We are delighted to have secured this new #round of funding, which will allow us to continue our growth trajectory, strengthen our team and internationalize our service.” says Robert Henker, CEO at Cashboard. “Cashboard provides clients with highly diversified portfolios selected from more than 6,500 financial products from over 100 different providers. As a first in the retail investment space, Cashboard portfolios include novel investment products like P2P lending or equity crowdfunding alongside traditional products such as daily deposits and ETFs.”
Founded in 2014, the company has already established itself as a leading financial #technology company in Germany. Thanks to its unique positioning, Cashboard has not only secured several #million Euros in funding but also won Europe’s most valuable #startup prize at the SevenVentures Pitch Day.
Various media outlets have covered the funding round, including Handelsblatt, TechCrunch, Business Insider and Gruenderszene.
For more information on Cashboard, please visit http://www.cashboard.io
This article first appeared here
The post Berlin Startup Cashboard Raises €3 Million, Closes Series A Round appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
Cashboard, a Redalpine Capital II portfolio company and Europe’s first curated marketplace for retail investment, has secured a #Series A funding of EUR 3m led by Digital Space Ventures.
#Cashboard Founders André Holdschick, Stephan Henker, Robert Henker, Marius Schulze
“We are delighted to have secured this new #round of funding, which will allow us to continue our growth trajectory, strengthen our team and internationalize our service.” says Robert Henker, CEO at Cashboard. “Cashboard provides clients with highly diversified portfolios selected from more than 6,500 financial products from over 100 different providers. As a first in the retail investment space, Cashboard portfolios include novel investment products like P2P lending or equity crowdfunding alongside traditional products such as daily deposits and ETFs.”
Founded in 2014, the company has already established itself as a leading financial #technology company in Germany. Thanks to its unique positioning, Cashboard has not only secured several #million Euros in funding but also won Europe’s most valuable #startup prize at the SevenVentures Pitch Day.
Various media outlets have covered the funding round, including Handelsblatt, TechCrunch, Business Insider and Gruenderszene.
For more information on Cashboard, please visit http://www.cashboard.io
This article first appeared here
The post Berlin Startup Cashboard Raises €3 Million, Closes Series A Round appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
Der Technopark Liechtenstein hat in ihrem Blog das #Liechtensteiner #Fintech #Startup #Tradico interviewt. Das Unternehmen setzt sich massiv für den Fintech Standort Liechtenstein ein.
Manuel Hehle
Ich bin Manuel Hehle und komme aus Bregenz, arbeite in Liechtenstein und habe ein Startup aufgebaut, die Tradico AG. Wir sind ein FinTech-Unternehmen.
Ich habe viele Jahre im Banken-Bereich gearbeitet. Es wird immer schwieriger für mittelständische Unternehmen ihre Waren zu finanzieren, bevor sie sie verkaufen können. Darin habe ich einen riesigen Markt gesehen. So habe ich beschlossen, Unternehmer zu werden und etwas eigenes aufzubauen. So ist Tradico entstanden.
From Pixabay
Unser Business Modell ist, wir kapitalisieren das Working-Capital und erleichtern so das Management von mittelständischen Unternehmen. Wir helfen ihnen ihre Waren zu finanzieren und haben hierfür ein ausgeklügeltes Modell entwickelt.
Wir können online sehr schnell eine Waren-Einkaufs-Kreditentscheidung treffen. Der Unternehmer hat ein verlängertes Zahlungsziel und kann sich auf seine Kernkompetenz konzentrieren.
Für Unternehmer ist dies normalerweise schwierig. Die Banken-Welt hat sich insgesamt verändert, es gibt mehr Regulierungen. Es besteht ein grosses Bedürfnis im Markt für unser Angebot, und wir verhelfen Unternehmern wieder zu Liquidität und #Wachstum.
Daher “Speedup Your Business”—das ist unser Claim. Das leben wir. Wir wollen wirklich Unternehmen helfen zu wachsen.
Kein Mittelstandsunternehmen kannte uns. Wir standen vor diesem Problem. Über LinkedIn und Xing haben wir schnell Unternehmer erreicht und sind dann auch schnell gewachsen. Mit Hilfe von Google Adwords kamen wir zu weiteren Kunden. Im Moment ist unser Zielgebiet die DACH/Li-Region, also Deutschland, Österreich, Schweiz und Liechtenstein.
From Wikimedia
Wir haben uns bewusst für diesen Standort entschieden, weil er eigentlich ideal für unsere Art des Unternehmens ist. Es gibt ein grosses Potenzial an kompetenten Leuten. 25% unserer Mitarbeiter sind Abgänger von, oder noch Studenten an der Universität Liechtenstein.
Es ist ein toller Finanz-Marktplatz. Liechtensteiner Banken suchen nach Partnern in diesem Segment. Wir wollen mit Banken auf Augenhöhe zusammenarbeiten und sehen hier sehr viele Vorteile. Die Finanzierung kommt grösstenteils auch aus Liechtenstein. Es war von Anfang an der perfekte Ort für unseren Start.
Technopark Liechtenstein
Die Holding ist in Liechtenstein, wir sind auch in Liechtenstein operativ tätig. Der Platz ist ideal gelegen im Zentrum Europas; in wenigen Stunden bist Du überall in Europa. Die Liechtensteiner Banken sind unsere Partner. Die Regierung ist ebenfalls Startup-freundlich und das hat uns sehr geholfen.
Es gibt sehr gute Initiativen, wie den Technopark Liechtenstein, der jungen Unternehmern einen Auftrieb gibt und ihnen dabei hilft, erste Schritte zu machen. Gerade am Anfang ist diese Hilfe wichtig.
Netzwerken ist das A&O, überall, egal ob es sich um ein etabliertes Unternehmen oder ein Startup handelt. Liechtenstein stellt dieses Netzwerk zur Verfügung.
Wichtig für ein Startup ist, dass man das Produkt skalieren kann. In unserem Fall funktioniert dies ideal. Wir setzen unser Angebot in verschiedene Kanäle um, wir arbeiten online, was auch sehr skalierungsfähig ist. Ausserdem arbeiten wir mit einem Multiplikatoren-Modell. Grosse Banken vermitteln uns potenzielle Kunden, wodurch wir sehr schnell eine grosse Bandbreite an verschiedenen Geschäften betreut haben.
Im Moment wachsen wir 500% im Jahr (in den #letzten #zwei #Jahren). Wir machen im Moment über 30 Millionen Schweizer Franken Umsatz.
Ein Startup zu Gründen ist mit Hochs und Tiefen verbunden, aber man lernt unglaublich viel. Die letzten 14 Jahre habe ich im Bankensektor gearbeitet, habe auch verschiedene Jobs gemacht. Das ist nichts gegen den zwei Jahren, in denen ich das Startup gemacht habe. Die Erfahrung ist intensiv und Wahnsinn, aber ich würde es wieder machen.
Tradico, ein Liechtensteiner Startup
Das wichtigste ist, den Fokus zu behalten und direkt darauf zuzusteuern. Das zweit wichtigste ist das Team; Du musst Leute anstellen die besser sind als Du selbst. Dann ist es harte Arbeit, oft 16, 17 Stunden am Tag. Mit einem guten Team, der Execution, kann man das Ziel erreichen.
Dieser Artikel erschien zuerst hier
The post Tradico, ein Liechtensteiner Startup mit 500% Wachstum in den letzten zwei Jahren appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
Founded in 2013, #Contovista is a Zurich-based #company providing #banks with #personal financial management solutions that leverage big data, business intelligence and data visualization. (Finanzprodukt.ch was one of the first page who reported about this company in April 2013)
Contovista‘s portfolio includes a complete Personal #Finance Management (PFM) solution, a Finance Management solution for SMEs as well as Portfolio Analytics solution.
Its PFM solution uses advanced account statement visualizations that make it easy for online #banking customers to understand the dynamics of the account. Transactions are aggregated by category, tag or any other available dimension, enabling customers to analyze their spending habits easily and in real-time.
The company’s Analytics Engine translates unstructured financial data into structured data enriched with meta-information. This data forms the basis for the company&8217;s products in PFM, Business Analytics and marketing, and can further be leveraged to build custom applications.
Contovista&8217;s #software adds semantics to account statements by automatically categorizing transactions which can be enriched with custom tags, comments or documents.
Contovista Banking Experience from Contovista on Vimeo.
Contovista&8217;s solutions have already been integrated into Zürcher Kantonalbank. More integrations are expected to take place this year, according to a press release.
In March, Contovista raised funding from the Aduno Group, a Swiss specialist in cashless payments, which now holds a 14% participation in the #startup. The new capital was aimed at helping Contovista accelerate its growth and promote the company on the national and international levels.
For the Aduno Group, the deal enabled the firm to offer a full-featured PFM and innovative data analytics solutions to its customers and partner banks.
“Digitization affects all business segments and is gaining importance in the financial sector. This requires strong partnerships with #fintech companies such as Contovista,” said Martin Huldi, CEO of the Aduno Group.
&8220;Our customers want individual solutions that are user-friendly. With the personal financial assistant we can meet their requirements and enable our customers an attractive 360° view of their financial transactions. We are delighted about this strategic partnership and we are able to offer our partner banks a service which allows to benefit quickly and cost-effectively from these new technologies.&8221;
Qontis is another Swiss online PFM platform provider. The solution offers an overview of users&8217; personal finance details and includes a number of features including budgeting tools that can analyze a user&8217;s transaction history, cost optimization suggestions and capital accumulation support.
In August 2015, Qontis announced a partnership with St. Galler Kantonalbank to integrate the startup&8217;s PFM tool into the bank&8217;s e-banking platform. Qontis&8217;s PFM solution is based on Meniga&8216;s software, which has been providing over 20 banks with more than 35 million customers its PFM platform since 2009.
Meniga is the European market leader of white-label PFM and next-generation online banking solutions. Last year, the company signed a global contract to deploy its PFM solution across Santander Group markets.
Featured image by Pressmaster, via Shutterstock.com.
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A #startup aiming to bridge the worlds of #blockchain tech and biometric security has raised $ 3m in new #funding.
A #startup headquartered in London is using #blockchain to power a next-generation #stock #market has raised $ 2.6m in new venture funding.
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