The Swiss Helvetia Venture Fund has acquired a minority stake in Spanish startup Coinscrap Finance which offers various white-label smartphone apps for banks and insurance companies in the pensions sector.

The funds from the financing round will be used to drive international growth. The focus is on countries with a strong bancassurance tradition.

Coinscrap Finance is already working with Spanish insurer Caser which was acquired by Helvetia in January 2020. Caser has successfully launched the pension solution Cling Cling on the market with Coinscrap Finance.

The firm is the first investment that Helvetia Venture Fund has made in the area of pensions. Coinscrap Finance’s simple solutions are a good fit with the helvetia 20.25 strategy, which places a strong focus on customer convenience.

Markus Gemperle, CEO Europe of Helvetia said,

“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.”

David Conde, CEO and Co-Founder of Coinscrap Finance added,

“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.”