SwissBorg
 | |
| Company type | Private |
|---|---|
| Founded | 2017 |
| Founder | Cyrus Fazel (CEO) and Anthony Lesoismier (CSO) |
| Headquarters | , Switzerland |
Number of employees | less than 200 |
| Website | http://swissborg.com/ |
SwissBorg is a Swiss-based fintech platform that offers financial services, including wealth management, trading, and a native token called CHSB. The company provides decentralization and traditional financial assets through its mobile app and smart investment tool. The company is headquartered in Switzerland and also has offices in Lisbon and Tallinn.
History[edit]
SwissBorg was founded by Cyrus Fazel and Anthony Lesoismier in 2017 in Lausanne, Switzerland.[1]
In 2017, SwissBorg raised over $50M. In 2018, SwissBorg went on to hold one of the first on-chain referendums on the Ethereum, with 25k participants. A second referendum allowed community members to vote on the sector they would first like to engage in an ICO mentoring program. From 2018 to 2023, the company grew from a dozen experts to more than 200.[2]
In April 2020, SwissBorg launched the SwissBorg Wealth app, a wealth management app that enables the buying, storing, and/or trading of blockchain-based digital assets.[3][4] The SwissBorg app includes Smart Engine that analyses more than hundreds of trading pairs to find the best trade whether you buy or sell in your local currency.[5]
In August 2020, SwissBorg partnered with Onfido to verify applicant identities for its wealth management platform.[6]
In 2020, the company became a Venture Leader Fintech 2020.[7] In March 2021, more than 280,000 people used the SwissBorg app, and the company had US$1 billion of assets under custory.[8] It's now called SwissBorg Earn.
In May 2021, the platform collaborated with OpenPayd, a payments and banking-as-a-Service platform. This partnership allows SwissBorg to integrate a comprehensive range of financial services.[9][10]
In October 2022, SwissBorg launched Thematics, a bundle of assets, grouped around a specific topic. SwissBorg Thematics provides a method for diversification by grouping assets based on particular themes.[11][12]
On November 28, 2022, SwissBorg was launched in the UAE. The app aims to facilitate investments for a broad user base.[13][14]
In April 2023, SwissBorg concluded a €24m Series A fundraising, breaking records in community-driven capital raising. The round sold 13,651,189 shares to 16,841 investors, achieving a valuation of roughly €200 million Swiss Francs.[15]
References[edit]
- ^ Godsil, Jillian (2019-12-15). "ALEX FAZEL ASKS YOU TO PREDICT THE PRICE OF BITCOIN". irishtechnews.
- ^ Walker, Mark (2021-03-15). "SwissBorg on Making Finance Fair". The Fintech Times. Retrieved 2023-09-26.
- ^ Godsil, Jillian (2022-12-09). "Cyrus Fazel: My family was 'nouveau poor' - and I wanted to be wealthy". CityAM. Retrieved 2023-09-26.
- ^ "SwissBorg launches its flagship digital assets trading platform". www.startupticker.ch. Retrieved 2023-09-26.
- ^ Williams, Jason (2020-04-17). "SwissBorg Launches the Wealth App: an All-in-One Crypto-Investment Mobile App". The Fintech Times. Retrieved 2023-09-26.
- ^ "SwissBorg partners with Onfido". thepaypers.com. Retrieved 2023-09-26.
- ^ "10 Swiss Fintech Startups Ready to Accelerate Their Growth in Asia". Swissnex in China News. 2020-11-04. Retrieved 2023-09-26.
- ^ "SwissBorg CEO Cyrus Fazel: 'We enable everyone to enjoy the world of decentralized finance, regardless of their investment interests'". www.venturelab.swiss. Retrieved 2023-09-26.
- ^ "SwissBorg partners with OpenPayd". thepaypers.com. Retrieved 2023-09-26.
- ^ Sharma, Ray. "SwissBorg Selects OpenPayd's Banking-as-a-Service Platform in Europe". www.thefastmode.com. Retrieved 2023-09-26.
- ^ Nicoletti, Bernardo (2017-03-02). The Future of FinTech: Integrating Finance and Technology in Financial Services. Springer. ISBN 978-3-319-51415-4.
- ^ Chmielewski, Jakub. "Swissborg technical whitepaper".
{{cite journal}}: Cite journal requires|journal=(help) - ^ Staff Writer; TradeArabia. "SwissBorg enters the UAE to redesign the banks of the future". www.zawya.com. Retrieved 2023-09-26.
- ^ Release, Press. "SwissBorg enters the UAE to redesign the banks of the future". www.zawya.com. Retrieved 2023-09-26.
- ^ Faridi, Omar (2023-04-19). "SwissBorg, Which Aims to Make Crypto Wealth Management More Accessible, Secures Funding via Series A". CrowdFundinsider.