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."