Helvetia Venture Fund invests in Spanish fintech Coinscrap Finance

Helvetia Venture Fund invests in Coinscrap Finance. The Spanish fintech 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 is already successfully collaborating with Caser.

10.08.2021 | Media releases

Helvetia Venture Fund acquires a minority stake in Coinscrap Finance, a Spanish fintech. Coinscrap Finance offers various white-label smartphone apps for banks and insurance companies in the pensions sector. All of Coinscrap Finance's functionalities are characterised by their modern and clear design. Coinscrap Finance also relies on elements of behavioural economics and gamification to motivate users to achieve their savings goals, for example. In this area, there is close cooperation with the relevant chair at the University of Vigo. The apps are aimed in particular at millennials and Generation Z. 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 successfully 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. The focus is on countries with a strong bancassurance tradition.

Broad experience in micro saving
Coinscrap Finance is the first investment of the Helvetia Venture Fund in the area of pensions. Coinscrap Finance's simple solutions are an excellent fit with the helvetia 20.25 strategy, which places a strong focus on customer convenience. "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", explains Markus Gemperle, CEO Europe of Helvetia. David Conde, CEO and Co-Founder of Coinscrap Finance, adds: "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."

Contact information

Analysts
Susanne Tengler
Head of Investor Relations
Phone: +41 58 280 57 79
investor.relations@helvetia.ch

Media
Jonas Grossniklaus
Head of Media Relations
Phone: +41 58 280 50 33
media.relations@helvetia.ch

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About the Helvetia Group

In over 160 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Helvetia is one of the leading all-line insurers in its home market of Switzerland. With the countries Germany, Italy, Austria and Spain, which have been combined to form the Market Area Europe, the company has a second strong pillar. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg. The Group is headquartered in St.Gallen, Switzerland.
Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 11,600 employees, the company provides services to more than 7 million customers. With a business volume of CHF 9.71 billion, Helvetia generated an IFRS result after tax of CHF 281.7 million in financial year 2020. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.

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