Tenity Partners With UBS to Invest in 400 Early Stage Fintechsby Fintechnews Switzerland March 9, 2023
Through this partnership, UBS will have access to Tenity’s global ecosystem of innovative early stage fintechs – beyond its own existing fintech network.
With Tenity’s global and local programmes, as well as the cross-industry platforms and events of all Tenity hubs, UBS will benefit from a comprehensive transfer of knowledge around innovation and the latest digital trends.
The bank is already working together with tech giants, fintechs, networks and universities on various topics.
Additionally, UBS Next, the bank’s global venture and innovation unit, is also investing in the Tenity Incubation Fund to invest in up to 400 new companies to promote innovation in the fintech sector.
Tenity is a startup incubator and accelerator with an integrated investment arm focused on early-stage fintechs and insurtechs. More than 250 companies have participated in Tenity programmes so far.
“Digitalisation is the key to future-oriented banking. The partnership with Tenity gives us the opportunity to expand our fintech network and align innovative ideas and solutions at an early stage, specifically tailored to the needs of our clients in Switzerland. We look forward to working with Tenity,”
said Sabine Keller-Busse, President of UBS Switzerland.
“The success of our ecosystem depends to a large extent on the innovative capacity of the participants. That we were able to win over UBS as a global strategic partner for banking makes us very proud and will help our current and future portfolio companies bring even more innovation to this important industry,”
said Andreas Iten, CEO and Co-Founder of Tenity.