Announced
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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