Yova can grow further with fresh capital
Zurich-based start-up Yova has raised over four million Swiss francs in a financing round that has just been completed. This paves the way for expansion into other European countries.
Yova can open up new markets with its sustainable investment products. In a financing round that has just been completed, the Zurich-based start-up has received more than CHF 4 million. This clears the way for the fintech company to enter other European countries.
Following strong growth in German-speaking Switzerland and the move into French-speaking Switzerland planned for the end of April, the focus of European expansion in the second half of the year will be on Germany as the third market. After that, Yova plans to become active in other countries.
"Entering the German market will further accelerate our business development. We are in cooperation talks with various financial service providers and insurance companies, as they are increasingly feeling the increased demand for sustainable, transparent investment products from customers," explains Yova co-founder and CEO Tillmann Lang in a media release.
Strong partners
Yova will "not only come out of the current crisis in good shape," but will "substantially grow its business in the near future," says investor Carole Ackermann, a member of the board of directors at Alliance Switzerland and BKW, her commitment. Besides her belong among others WIVenture, the co-founder of the VZ Wealth Center, Andreas Reinhardt, the CEO of Salt, Pascal Grieder, and Eva Richterich, member of the management of Ricola, to investors.
With Yova, customers can choose from 16 topics such as climate change, renewable energy or access to education. In addition, eight exclusion criteria such as tobacco or weapons can be selected. Depending on their risk tolerance, they then receive suggestions from a mix of 400 companies in which Yova invests. The mix of companies can be customized, favorites can be added from over 800 additional companies. The final portfolio consists of 30 to 40 stocks and government bonds.
