Funding

Kaspar& funding news – Switzerland-based Kaspar& Secures €2.58Million in Seed Funding

Jun 7, 2024 | By Startup Rise EU

Kaspar&, a software and wealth management company, secures €2.58million in seed funding. The Zurich-based Avaloq, a pioneer in wealth management technology, and the corporation formed a strategic alliance.

SUMMARY

Kaspar&, a software and wealth management company, secures €2.58million in seed funding.
Kaspar& was founded in 2020 by the four founders Dr. Jan-Philip Schade, Dr. Lukas Plachel, Sebastian Büchler and Lauro Böni as an HSG and ETH spin-off in St.Gallen.

Avaloq has taken a minority interest in the business as part of the new agreement, and it will combine the cutting-edge Kaspar& investing app with the Avaloq Core Platform. This will make it possible for Swiss banks using the Avaloq platform to give their customers easily accessible chances to begin investing.

It is a wealth management and software firm that was founded in 2020 by Dr. Jan-Philip Schade, Dr. Lukas Plachel, Lauro Böni, and Sebastian Büchler. The company provides services such as investment apps, payment processing, and bank account access.

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The company offers a save-as-you-spend option that rounds up credit card purchases and invests the difference in exchange-traded funds (ETFs) and index funds.

About Kaspar&

Kaspar& was founded in 2020 by the four founders Dr. Jan-Philip Schade, Dr. Lukas Plachel, Sebastian Büchler and Lauro Böni as an HSG and ETH spin-off in St.Gallen. It has since become the first FinTech to receive a license as an asset manager from FINMA and has thus steadily expanded its offering on the market.