19.10.2022 09:58, Morgane Ghilardi
Swiss fintech startup vestr has structured an oversubscribed financing round, combining a traditional equity investment with a non-dilutive component. Led by Elevator Ventures, the venture capital arm of Vienna-based Raiffeisen Bank International (RBI), the round combines the resources of high-profile family offices in Switzerland, Germany, the United States, and Latin America. vestr won CHF 10,000 in the Venture Kick program in 2019 and was a Venture Leader Fintech in 2019.
In only five years,
vestr has become a trusted technology partner for international and regional banks as well as a provider of special-purpose vehicles. The company sets itself apart by providing a more coherent process for the launch and management of actively managed investment products.
By partnering with vestr, clients ensure increased efficiency and greater transparency of the full life-cycle management of these products. With its white-labeled SaaS solution, vestr empowers institutional clients to best serve their customers in a scalable fashion, enabling a bespoke and state-of-the-art user experience. Nearly a thousand professional asset managers are already using the platform daily, solidifying vestr’s position as a market standard in active investment management.
All existing institutional investors—including EquityPitcher Ventures, Zürcher Kantonalbank, and SIX Fintech Ventures—joined the round with significant follow-on investments.
Building upon vestr’s solid foundation, the startup is developing a fully integrated ecosystem, which will enable third-party complementors to enrich the platform experience, among other things. A number of these data and service providers—including data brokers, ESG analysts, custodians, and digital brokerage firms—are already connected to the platform, with new services being added all the time. Alongside servicing clients across Europe, vestr is expanding its presence in Asia by leveraging its established regional headquarters in Singapore. vestr accompanies established clients on their transition to a digital ecosystem and allows new entrants to build on a flexible platform right from the start.
The company participated in
Venture Kick in 2019, winning CHF 10,000 to develop its innovative fintech product, and was one of ten Swiss startups chosen to join the
Venture Leaders Fintech in 2019, joining the
roadshow in Hong Kong.
"Our trip to Hong Kong in 2019 confirmed to us the need for a presence in Asia," said vestr co-founder Simon Hasenfratz. "Today, we are connecting with issuers, asset managers, and third-party providers across Europe and Asia. This first trip to Asia was part of the Venture Leaders Fintech roadshow. We are honored to have received Venturelab's support ever since!"
vestr co-founder Simon Hasenfratz