GenAI fintech Unique raises additional CHF 5.6 million

Unique was able to secure an additional CHF 5.6 million to further develop a tailored Microsoft Azure-based Co-Pilot platform for the financial industry. In addition, the Zurich based company announced an official go-live with their client Pictet Group. This rollout enables over 5,000 employees to experience the power of One.Chat, a platform co-developed together with Pictet that allows easy access to all internal information.

Unique aims to supercharge client-facing teams and allow them to automate administrative tasks with the power of Generative AI. By utilizing generative AI models, Unique's clients can create tailored client proposals, swiftly access regulatory compliance information, and compose personalized emails with the help of the Unique Chat function. They also benefit from documentation automation and client conversation summarization and recording that Unique FinanceGPT offers. This optimization of administrative processes enables them to direct their attention toward serving their clients more effectively.

The total investment now stands at CHF 21 million and reflects investors' confidence in generative AI and its potential impact on the financial industry. The new financing round was led by Vi Partners that also included such investors as Daniel Gutenberg, Boris Collardi, and Young Sohn, who emphasizes his confidence in Unique: “Unique has the potential to become a global vertical AI leader with its tailored solution for the financial industry. I'm committed to helping Unique's founders with their expansion plans and ambitions as an advisor,” said Young Sohn, Founding Managing Partner Walden Catalyst Ventures and former Corporate President of Samsung Electronics.

In addition to the new funding round, Unique announced the go live with Pictet. “Together with Unique, we’ve introduced One.Chat, a Generative AI platform that allows fast and tailored access to vast amounts of internal information and data for all our employees. This has already allowed us to reduce administrative work, speed up existing processes, improve IT support, and we are working next on increasing the effectiveness of our teams working with clients,” said Steve Blanchet, Head of Group Technology Strategy & Innovation at Pictet Group. “We’ve also put in place a GPT solution that enables staff to use that technology safely in the workplace,” he continued.

Manuel Grenacher, the CEO and Co-founder of Unique, said: “We are excited to develop the Unique FinanceGPT solution together with leading financial institutions. I’m particularly proud to count top names such as LGT Private Banking, Pictet Group, Partners Group, PostFinance, Die Mobiliar and Key Group, to name a few, among over 40 clients. Their trust underscores our firm commitment to aligning with the evolving needs of financial institutions, where GenAI is becoming increasingly indispensable.”

(Press release / SK)