Swisscom Adds Financial Tech Firms Allindex, Relai, ROCKON Digital Evolution to its Fintech Startup Map for December 2020

Swisscom has published the latest Swiss Fintech Startup Map for December 2020. The new map features three new Switzerland-based startups for the month.

The map offers regular updates on the Swiss Fintech sector. It’s now displaying a total of 376 Swiss Fintech companies.

For the month of December 2020, the Swiss Fintech startups that made their way to the map included Allindex, Relai, and ROCKON Digital Evolution.

As first reported by Fintech News Switzerland, Relai offers a platform that allows users to invest in Bitcoin (BTC) in a convenient manner. The company’s app provides an easy-to-follow process that lets customers purchase and sell BTC directly from their bank account within minutes. There’s no sign-up or registration process, onboarding, or (Know Your Customer) KYC checks needed to use the service. There’s also no verification nor deposit needed.

ALLINDEX offers a technology stack for the index industry. The Fintech firm created the very first white-label index platform letting index users design, test and launch their own customized indices.

As mentioned on ALLINDEX’s official website:

“We are a team of senior financial professionals with a mission to change the index industry. Each of us has either introduced new technologies, built new markets or run global teams. We are passionate about technology and how it can be used to improve businesses: Scale research and development (R&D) output, digitalize the index management process and improve client experience. ALLINDEX gathers a unique combination of talents from various industries: index, asset management and investment banking.”

ROCKON Digital Evolution focuses on digital client onboarding, digital lifecycle management, and digital payment transactions. They specialize in analyzing and transforming front-to-back processes into seamless online business workflows and ensure a seamless integration into various businesses.

Fintech and crypto adoption remained steady in Switzerland in 2020 despite the COVID-19 outbreak, according to a new report. The Fintech sector in the country has been consolidating this year, a trend highlighted by the rising number of later-stage funding rounds and some of the first Fintech-related exits, according to the IFZ Fintech Study 2020.

In 2020, the Swiss Fintech sector saw many key developments such as updates to the country’s progressive regulatory framework along with the growing adoption of Fintech solutions by traditional banks.

Although this year has presented many socioeconomic challenges due to COVID-19, H1 2020 was still marked with substantial growth and new investments into Crypto Valley (Switzerland and Liechtenstein) across key areas such as blockchain protocols, financial services, and various other applications.

Switzerland’s PostFinance has partnered with Germany’s digital banking service provider CoCoNet to launch cash management services.

Switzerland-based Etops AG, a banking service and software firm, recently acquired wealth management solution provider, Evolute AG.

Switzerland-headquartered F10 Fintech Incubator and Accelerator has added insurance APIs from Baloise. F10 also announced a newly established investment unit to provide funding for selected startups graduating from its incubation program.

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