BLKB supports St.Gallen FinTech Kaspar&
15.07.2022
Kaspar& has been on the Swiss market since the end of February 2022. The spin-off of the HSG and ETH offers payment options with its app and encourages its users to save and invest. BLKB supports the FinTech start-up and its innovative solutions for Open Finance and is seeking a minority stake. Kaspar& had won Venture Kick stage 2 in 2021.
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Kaspar& customers benefit from a fee-free Swiss bank account and a prepaid Mastercard. When paying with Kaspar&, the customer has the option of rounding up contributions and investing these minimal amounts in a portfolio of index funds and ETFs.
Simple and digital
BLKB supports the further growth of Kaspar&. John Häfelfinger, CEO of BLKB, sees a lot of potential, especially for digitally affine customers: "The Kaspar& solution impresses with its digital access, user-friendliness, and automation of the investment business. As a customer-oriented bank, Open Finance solutions that are easy to integrate are the future for us. BLKB's financial support forms the basis for a long-term partnership."
HSG and ETH spin-off with FINMA license.
Kaspar& was founded in 2020 by the four founders Dr. Jan-Philip Schade, Dr. Lukas Plachel, Sebastian Büchler and Lauro Böni as an HSG and ETH spin-off in St.Gallen. Kaspar& was the first FinTech to receive an asset management license from FINMA. Kaspar& was recently accepted into the F10 Incubator Program of the SIX, in which application fields in the Open Finance area are developed in depth. In the medium term, Kaspar& intends to expand its current product offering in addition to the specific Open Finance development. This includes, for example, the expansion of the recently rolled out insurance integration as well as the development of new services in the areas of pensions and donations.
Kaspar& four founders, from left to right: Dr. Lukas Plachel, Dr. Jan-Philip Schade, Lauro Böni and Sebastian Büchler
Simple and digital
BLKB supports the further growth of Kaspar&. John Häfelfinger, CEO of BLKB, sees a lot of potential, especially for digitally affine customers: "The Kaspar& solution impresses with its digital access, user-friendliness, and automation of the investment business. As a customer-oriented bank, Open Finance solutions that are easy to integrate are the future for us. BLKB's financial support forms the basis for a long-term partnership."HSG and ETH spin-off with FINMA license.
Kaspar& was founded in 2020 by the four founders Dr. Jan-Philip Schade, Dr. Lukas Plachel, Sebastian Büchler and Lauro Böni as an HSG and ETH spin-off in St.Gallen. Kaspar& was the first FinTech to receive an asset management license from FINMA. Kaspar& was recently accepted into the F10 Incubator Program of the SIX, in which application fields in the Open Finance area are developed in depth. In the medium term, Kaspar& intends to expand its current product offering in addition to the specific Open Finance development. This includes, for example, the expansion of the recently rolled out insurance integration as well as the development of new services in the areas of pensions and donations.
Source : BLKB Press Release
Kaspar& four founders, from left to right: Dr. Lukas Plachel, Dr. Jan-Philip Schade, Lauro Böni and Sebastian Büchler