Credit Suisse, through its investment vehicle SVC Ltd. for Risk Capital for SMEs, has invested in Swiss asset management service provider Assetmax.
Established in 2013, Assetmax is used by asset managers and banks to automate and outsource business processes. The firm has operations in Zurich and Lugano.
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The latest investment closed the first round of funding for Assetmax. The company plans to use the new funding to strengthen its platform and ramp up client acquisition.
Credit Suisse was joined by Schwyzer Kantonalbank’s innovation foundation, and entrepreneur Paul Sevinç in the funding round.
SVC chairman Didier Denat said: “With its platform, Assetmax addresses the needs of many external asset managers and has done a convincing job of technically implementing the corresponding solution. It is precisely this combination of strategic flair and flawless implementation that is a decisive factor for a company’s success.
“By participating in the first round of funding, we hope to help the company continue to advance its growth and to support its long-term success.”
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By GlobalDataSVC has set aside CHF130m for investment in Swiss SMEs, of which CHF30m is allotted to fintech firms.
