Flowbank secures USD 11.85 million

CoinShares International Limited, a pioneer in digital asset investing, has increased its share capital in fintech Flowbank by 9%. As part of this transaction, the Geneva-based startup received over USD 11,845,000. The investment comes one year after the startup’s launch and opening of its new office in Zurich.

Through its strategic investment, CoinShares, Europe's largest and longest-standing digital asset firm, supports FlowBank's mission to create a seamless and innovative banking and investment journey for its customers, whilst preserving the Swiss banking's heritage.

Founded by Charles-Henri Sabet in 2020, FlowBank aspires to make investing accessible to everyone through intuitively designed investing platforms, educational trading courses led by seasoned experts, and by offering highly competitive pricing. The startup is licensed by the Swiss Financial Market Supervisory Authority ("FINMA") and a member of esisuisse,

Today more than 50,000 financial products including stocks, bonds, commodities, ETFs, Forex, CFDs, and more are available to FlowBank's clients, allowing both private and institutional clients to invest in a wide range of asset classes on its FlowBank and FlowBank Pro platforms. Additionally, with FlowBank's planned launch of MetaTrader 4 ("MT4"), customers will be able to enhance their Forex trading experience. From the beginning of next year, Flowbank’s customers will be able to buy, HODL, and sell cryptocurrencies, and other tokenized assets, directly from their existing account.

Charles-Henri Sabet, FlowBank's founder and CEO, commented: "One year after its successful launch and rapid growth, FlowBank is excited to announce that CoinShares, a pioneer in digital asset investing listed on the Nasdaq First North Growth Market, has become a new strategic investor. This further reinforces FlowBank's commitment to go beyond the frontiers of traditional investment by providing its customers easy-to-use and trusted gateways to traditional and decentralised finance.

New office at Löwenplatz, Zurich
Flowbank has joined the banking community along the Paradeplatz in Zurich with a new office at Löwenplatz, from where it plans to expand outreach and connect with its growing user base across all Swiss Cantons. The office will accommodate both the business development team as well as key functions of the customer support team.

(Press release/RAN)