Helvetia Venture Fund backs Coinscrap
Helvetia Venture Fund has acquired a minority stake in Spanish fintech Coinscrap Finance.
Founded in 2016, Coinscrap Finance offers white-label apps in the areas of pensions and savings for Millennials and Generation Z customer groups of banks and insurance companies. Coinscrap Finance relies on elements of behavioral economics and gamification to motivate users to achieve their savings goals, for example.
Coinscrap Finance’s customers in Spain include various insurance companies and banks such as EVO Banco (Bankinter group) and Santander. Caser, which has been part of the Helvetia Group since last summer, is already working with Coinscrap Finance and has among other things launched the pension solution Cling Cling on the market with Coinscrap Finance. The funds from the financing round will be used to drive international growth.
Coinscrap Finance is the first investment of the Helvetia Venture Fund in the area of pensions. “The cooperation between Coinscrap Finance and Caser has been very successful so far. In addition, the topic of micro saving, among others, is gaining in importance for other Helvetia units. With Coinscrap Finance, we are investing in an ideal partner with a broad experience.” – Markus Gemperle, CEO Europe of Helvetia.
“Caser has been one of our partners since the very beginning. We are very pleased to deepen our partnership with Helvetia Group and to explore further collaboration.” – David Conde, CEO, and Co-Founder of Coinscrap Finance.