SIX FinTech Ventures Invests in Two Swiss Startups

SIX FinTech Ventures, the CHF 50 million corporate venture fund of SIX, has invested in its first two early stage startups, both of which aim to revolutionize the Swiss Financial Center. The aim of the SIX FinTech Venture is to provide the Swiss Financial Center with cutting edge technologies, business models and solutions that meet customer expectations. The SIX FinTech Venture fund invests in scalable startups, which have the potential to thrive as established companies, and provide real benefit to the Swiss Financial Ecosystem. The fund invests in all relevant financial industry segments. vestr and Shift Cryptosecurity are the fund’s first investments. vestr facilitates the creation and life-cycle management of Actively Managed Certificates, a fast and cost-effective alternative to investment funds. Founded by experienced traders and quants, vestr graduated from the F10 accelerator program in 2017 and is working with tier-one banks to transform this business. Founded in 2015 as a spinoff of the ETH Zurich university, Shift Cryptosecurity’s aim is to become a premier crypto engineering company by building hardware and software based security solutions for cryptocurrencies and blockchains. Shift Cryptosecurity targets both individuals and businesses with its flagship product, the BitBox, now used by customers in over 100 countries.