Largest Italian bank becomes Alpian’s majority shareholder

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13.05.2024
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Following a CHF76 million funding round, Fideuram - Intesa Sanpaolo Private Banking becomes the majority shareholder of Swiss digital bank Alpian. Alpian's total client assets are rapidly nearing CHF 100 million.

Originally incubated by REYL Intesa Sanpaolo, Alpian experienced strong growth since its launch in 2022. In the first four months of 2024 alone, the client base more than doubled to several thousand, and total client assets are rapidly nearing CHF 100 million. 

This expansion is driven by Alpian's commitment to innovation, including the Alpian advisory mandate that bridges the gap between managed and self-directed solutions. Rapidly adopted by clients, this mandate provides access to a curated universe of investment opportunities across asset classes, accompanied by personalized recommendations. In addition the digital bank achieved a strong investment performance and offers its clients competitive Banking Advantages such as some of Switzerland's highest deposit interest rates and some of the lowest forex exchange fees.

Alpian announced the completion of the last step of its pivotal Series C, totaling CHF 76M of which CHF 40M to be executed upon the regulatory approvals. This investment underscores confidence in Alpian's trajectory and will accelerate its growth and innovation in digital wealth management and banking services. The CHF 40M investment has been led by Fideuram - Intesa Sanpaolo Private Banking with contributions from other existing investors enabling the former to have majority ownership upon achievement of all the required regulatory authorisations.

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