Swiss Fintech company Yapeal has appointed Michael Eidel as the new Chief Executive Officer.

the same time, the company announced the successful completion of a financing round, attracting new investors and strengthening the board of directors. With the increase in capital, Yapeal can advance its strategic realignment and growth phase with full force.

Michael Eidel brings experience from listed financial institutions and technology companies. Most recently, he served as CEO at a financial technology company in Australia, where he drove the strategic repositioning and expansion of the company and successfully introduced an innovative technology platform for corporate clients to the market. Other positions in his career included leadership roles in commercial banks and board mandates at FinTechs in Australia and Switzerland. Michael Eidel already played a role in shaping Yapeal’s strategic realignment over the past year.

Michael Eidel succeeds Thomas Hilgendorff, one of the co-founders of Yapeal, who will continue to serve as Chief Commercial Officer in the company. In this role, Thomas Hilgendorff will focus on commercial business development and the expansion of strategic partnerships.

“We are very pleased to welcome Michael Eidel as the new CEO of Yapeal,”

said Werner Vontobel, Chairman of the Board of Yapeal.

“With his extensive international experience in the financial and technology sectors, he will play a crucial role in driving forward our strategic realignment and future growth of Yapeal.”

“I am excited to join the Yapeal team and lead the company successfully into the future with
the great employees,”

said Michael Eidel on his appointment.

“Together, we will focus consistently on the growing market for Embedded Finance solutions tailored to corporate customers and their end customers. The strategic alignment based on Yapeal’s unique Digital-First platform will enable us to accelerate our growth and take a leading role in the Swiss Embedded Finance market in the medium term.”

At the same time, the company announced the successful completion of a financing round with existing and new investors. This enables Yapeal to consistently implement its strategic realignment and focused growth strategy in the rapidly growing market for Embedded Finance solutions for corporate customers and their end customers.
Existing strategic investor and ERP provider Abacus reinvested in the financing round.

Dominik Bollier, Christoph Burkhard, and Markus Granziol have joined as new anchor investors. Dominik Bollier and Christoph Burkhard were also elected to the board of directors of Yapeal.

Featured image credit: Michael Eidel, Chief Executive Officer of Yapeal. Edited from freepik