Alpian

Based in Switzerland, Alpian is a digital bank operating under a hybrid model offering retail banking and wealth management services to the mass affluent segment via a mobile app. It received its banking license from the Swiss Financial Market Supervisory Authority (FINMA) in April 2022 and launched its platform in October of the same year.

Customers opening a bank account with Alpian are automatically provided with four multi-currency accounts in CHF, EUR, GBP, and USD, which are all connected with one International Bank Account Number (IBAN). It allows customers to exchange currencies between their accounts or use its foreign exchange services. The bank also provides customers with a virtual and metal debit card from Visa, which can be used to make international payments and withdrawals. In addition, it had planned to integrate its debit card with Apple Pay for online and in-store purchases. Alpian bank requires a minimum of CHF 10,000 (USD 10,000) to open an account, and it charges a quarterly subscription fee of CHF 90 (USD 90). In addition, Alpian offers a subscription plan targeting 18 to 25-year olds called Alpian PULSE . The plan provides access to premium banking services and costs CHF 5 per month.

Its wealth management services–managed by Alpian–are provided and managed by skilled and experienced advisors that build tailored portfolios for customers. The minimum investment required to access this service is CHF 30,000 (USD 30,000), and the bank charges a 0.75% management fee per annum, which is billed quarterly. In addition, the bank differentiates itself by allowing customers to schedule in-app video calls with advisors to address any questions or concerns.

Key customers and partnerships

The bank’s core banking and payment services are powered by Temenos Banking Cloud, and it has partnered with Napier for end-to-end risk management and financial crime compliance.

Funding and financials

In May 2024, the company raised CHF 76 million (~USD 84 million) in Series C funding, led by Fideuram - Intesa Sanpaolo Private Banking. The funds were earmarked for the company’s expansion and the development of new financial solutions.

As of the same date, Alpian reported that its customer base had doubled to several thousand, with total assets closing at CHF 100 million (~USD 110 million)