Swiss fintech Kaspar& has closed its CHF 2.5 million seed-financing round and enters a strategic partnership with Avaloq, a leader in wealth management technology based in Zurich. As part of the new partnership, Avaloq has acquired a minority stake in the firm and will integrate the innovative Kaspar& investment app with the Avaloq Core Platform. This will enable banks running on the Avaloq platform in Switzerland to provide more accessible opportunities for their clients to start investing.

Kaspar& was founded in 2020 as a spin-off from the University of St. Gallen (HSG) and the Zurich Federal Institute of Technology (ETH). The firm offers access to bank accounts, payment services and a low-cost investment app. The innovative investment options offered by Kaspar& include a save-as-you-spend solution that rounds up card payments and invests the difference in index funds and exchange-traded funds (ETFs). This provides a simple entry point for consumers in Switzerland to enter the world of investing and to start growing their wealth over the long term.

The partnership highlights Avaloq’s commitment to innovation and to democratizing access to wealth management. By ensuring seamless integration with its core banking system, Avaloq will enable financial institutions across Switzerland to rapidly roll out the Kaspar& investment app for their retail and mass-affluent clients.

Martin Greweldinger, Chief Executive Officer at Avaloq, said: “We are proud of our track record in innovation and our strong ecosystem of fintech partners. With our investment in Kaspar&, we recognize the company’s potential to revolutionize investment in the Swiss retail sector. Not only does Kaspar& provide consumers with automated, low-cost investment solutions, the app’s intuitive interface makes it easy for anyone to start investing. By fully integrating the app with our core banking system, we will support the growth journey of Kaspar& and enable financial institutions running on the Avaloq platform in Switzerland to offer their clients access to this innovative investment platform.”

For Kaspar&, both the partnership and the closing of the seed-financing round are an essential pillar for the future growth story of the company. Led by Avaloq, the financing round is supported by further minority investors such as Basellandschaftliche Kantonalbank (BLKB) as well as institutional investors and business angels.

Jan-Philip Schade, Co-Founder and Chief Executive Officer of Kaspar&, said: “Our strategic partnership with Avaloq opens a new chapter in our company’s history. This latest investment by a key player in the Swiss financial ecosystem confirms the potential of our platform while enabling us to continue the growth trajectory of Kaspar&. I believe that the integration of the Kaspar& app with Switzerland’s leading core banking system will play a major role in enhancing collaboration between banks and fintech partners. We look forward to growing our partnership with Avaloq over the long term and to helping financial institutions in Switzerland to expand their range of investment options for retail and mass-affluent clients.”