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. All existing institutional investors – including EquityPitcher Ventures, Zürcher Kantonalbank, and SIX Fintech Ventures – joined the round with significant follow-on investments.
Dr. Rico Blaser, co-founder and CEO of vestr, highlights: “This new financing provides vestr with the firepower to continue our triple-digit annual growth, while also ensuring manageable equity dilution for existing shareholders.” He continues, “We are extremely pleased with the international consortium we were able to assemble. With their support, we are now optimally positioned for growth.”
In only 5 years, vestr has become a trusted technology partner for international and regional banks, as well as providers 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.
Maximilian Schausberger, Managing Director of Elevator Ventures, shares, “We value not only vestr’s extensive knowledge of the market needs, but also their forecast of future requirements of active investments. As the venture capital arm of RBI, we encourage companies with a proven product-market fit to grow their customer base internationally and support technology-driven innovation.”
Building upon vestr’s solid foundation, the startup is developing a fully integrated ecosystem which will, among other things, enable third-party complementors to enrich the platform experience. 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.
vestr is a Swiss FinTech company founded in 2017, with an easy-to-integrate platform that digitizes the life-cycle management of actively managed investment products. The tunable software engine handles everything from portfolio rebalancing to investor reporting and audit trails, so issuers and asset managers can focus on their core competencies.
With offices across Europe and Singapore, vestr is a fast-growing technology company that has established a market standard for active investment management. The award-winning solution is recognized by Innosuisse, F10 Fintech Incubator & Accelerator, Venturelab, WealthBriefing, Singapore Fintech Association, Venturekick, Google for Startups, Monetary Authority of Singapore and Swisscom.
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The SaaS provider vestr, whose DELTA platform optimizes active investment management, has been accepted onto the competitive Core Coaching program from Innosuisse, the Swiss Innovation Agency. This is the third time Innosuisse has granted support to vestr in twelve months, following the Initial Coaching program and the opportunity to attend the SRP Asia Pacific conference in Singapore.
The Core Coaching program is designed to propel the most promising Swiss startups onto the next stage of their development. Acceptance onto this scheme distinguishes vestr as a growing innovative force in Switzerland’s Fintech landscape. vestr will receive dedicated guidance from industry experts, alongside additional support from a network of specialist coaches. Building upon its achievements in the Initial Coaching program, vestr will work with these coaches to develop an international growth strategy, while also strengthening its corporate development.
“vestr has already taken great strides in the last few years, with a market-leading product on the market and a growing subsidiary in Singapore,” shares Simon Hasenfratz, Co-Founder of vestr. “However, as innovators we are always excited to learn more, and we are proud to continue our company’s journey with the support of Innosuisse.”
To find out more about Innosuisse and its programmes, please visit https://www.innosuisse.ch/inno/en/home.html
Innosuisse is the Swiss Innovation Agency. Its mission is to promote science-based innovation in the interest of the economy and society in Switzerland. The core of Innosuisse funding is the support of innovation projects: innovative organizations, such as companies and start-ups, develop new services and products together with research institutions. For the development of science-based start-ups, Innosuisse also offers training, coaching, support for internationalization and platforms for national or international presence.
vestr is a Swiss FinTech company, founded in 2017, with an easy-to-integrate platform that digitizes the life-cycle management of issuers’ actively managed investment products. The white-labelled software engine handles everything from portfolio rebalancing to investor reporting and audit trails, so issuers and asset managers can focus on their core competencies.
With offices in the European Union, Singapore, and Switzerland, vestr is a fast-growing technology company that aims to be the standard for active investment management.
For further enquiries about vestr and our end-to-end web-based platform, feel free to reach out. Get in touch and schedule a call here.
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