Fintech Company Yokoy Has Been Chosen as the Startup of the Year

On September 7th, this year’s “Top 100 Swiss Startup Awards” were presented at the “Startup Space” in Schlieren. It was already the twelfth edition of the award ceremony, the organizers announced. Nevertheless, there was a premiere to celebrate.

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For the first time in the history of the awards, the jury of experts chose a fintech company as the top startup of the year

They gave the award to Yokoy. The Zurich-based startup says it is developing an AI-driven solution for the automated management of expenses. To do so, it combines expense management, invoice processing, and smart corporate credit cards on a central platform. Yokoy’s target audience is medium and large global enterprises.

On its website, the startup writes that more than 500 companies use its expense management solution. In March of this year, Yokoy raised $80 million in a Series B funding round. In November 2021, Yokoy also announced a partnership with UBS. The big bank plans to link its credit cards with Yokoy’s expense management tool.

Yokoy was founded in 2019 by Melanie Gabriel, Devis Lussi, Thomas Inhelder, Philippe Sahli and Lars Mangelsdorf. Last year, the company landed in 20th place on the Top 100 list. Co-founder Melanie Gabriel has already appeared three times on the “Digital Shapers” list of “Bilanz”, most recently in 2022 in the “Unicorn Breeders” category.

Yokoy is not the only fintech company on the winners’ podium. Ledgy, a startup also based in Zurich, made it to No. 3. The company operates an equity management platform that helps startups manage their equity investments, employee stock ownership plans, funding rounds, and investor relations, according to a statement. More than 40 fintech companies were represented in this year’s Top 100 list, the organizers added. Footech company Planted Foods acts as an intermediary between Yokoy and Ledgy.

The list of top scale-ups, which was also published, is also headed by a fintech company, namely Algotrader, the company behind the fully algorithmic trading software of the same name.

The Top 100 Startup Awards are each organized by Venturelab, and each supported by Presenting Partners.

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(Featured image by geralt via Pixabay)

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