Swiss fintech pushes into German market

In Switzerland, Yova has already been offering its sustainable investments since 2019, and now the launch in Germany is imminent. The fintech is looking for a team for its Frankfurt location.

The big players in the fintech industry are already established in Germany, but new providers are still entering the market. The latest example is the Swiss fintech Yova Impact Investing. The focus is on investments in sustainable and responsible investments. Since February, Yova has been licensed by Bafin to be active as an asset manager in Germany, and its website presents a waiting list where interested parties can sign up. According to a report in the Swiss Handelszeitung, the decisive steps for expansion into Germany are currently being prepared.

It was only in May that Yova raised eleven million Swiss francs in a financing round, with which the company is also pushing ahead with its expansion plans towards Europe. CEO Tillmann Lang stated that he is in talks with various financial service providers and insurance companies for the German market. The fintech is already looking for a team for Germany: there are currently thirteen job offers for the Frankfurt am Main location on the start-up's website. The German subsidiary Yova founded in the summer of 2020, it is located in the Impact Hub in Berlin.

Founded in 2017, Yova has been offering its customers a sustainable investment strategy selected according to their preferences since 2019. For example, they can exclude investing in businesses with "alcohol", "tobacco" or "weapons", while prioritizing "renewable energies" or "access to education".