Announced
Financials
Sources
Tags
Switzerland
Digital Services
digital bank services
Venture Capital
Acquisition
Private
Private Equity
Synopsis
blufolio, the Swiss blockchain investment firm, invested in Swiss digital bank YAPEAL. YAPEAL is initially addressing a specific section of the Swiss consumer market, with strong potential for mid-term growth via a B2B proposition. Financial terms were not disclosed. James Dougall, blufolio founding partner, describes how YAPEAL fits into blufolio’s investment philosophy: “Switzerland and Fintech are blufolio’s absolute cornerstone investment themes. YAPEAL fits perfectly into both. We always look for a clearly defined target market and ability to execute, which must both be given, in addition to a strong blockchain-related product and tech stack. YAPEAL delivers on all fronts. We look forward to accompanying them on their growth path.”
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