Featured
Fintech Company Yokoy Has Been Chosen as the Startup of the Year
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.
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.
Read more about Yokoy and find other important finance news with the Born2Invest mobile app.
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.
__
(Featured image by geralt via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in netzwoche, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Impact Investing2 weeks ago
Servati Obtains 350,000 Funding for 3D Recyclable Shoes
-
Crypto3 days ago
Why Ethereum Researchers Withdraw from EigenLayer
-
Fintech1 week ago
Fintech Company Plataform Helps Finance $800 Billion with Invoice Discounting
-
Crypto21 hours ago
Ripple Faces Crucial Turning Point: US Election Could Dramatically Impact XRP Price