Winners of the Swiss Fintech Awards 2022 share updates, ambitions

Stableton Financial and DeepJudge, two of the winners of this year’s Swiss Fintech Awards, have reaped the benefits of the publicity that came with the renowned startup competition, using the newfound exposure as an opportunity to expand into new verticals, launch new features and work their way to secure future funding.

DeepJudge hopes to expand into the financial industry

For DeepJudge, a startup that provides artificial intelligence (AI)-powered document processing tools and won the 2022 Early Stage Startup of the Year Award, brought in new customers and interest from a number of venture capital (VC) investors.

The young company, which has so far targeted the legal sector, hopes the exposure will help it expand into the financial industry, an area that could use the improved efficiency and productivity brought about by the AI ​​platform, a Fintech spokesperson said News Switzerland.

Founded last year, DeepJudge has already won several awards for its document management platform. A spinoff of the Swiss Federal Institute of Technology in Zurich (ETH Zurich), the startup has developed an AI-powered solution capable of understanding the context of a document and how it relates to other documents, extracting key information and sample check for inconsistencies.

Paulina Grnanova

DeepJudge’s “intelligent automation” solution works a bit like an “out-of-the-box assistant for lawyers,” said Paulina Grnanova, co-founder of the company, and seeks to address the large amount of manual work performed by legal professionals when going through thousands of documents to find, extract or edit relevant information. Instead, legal teams can put DeepJudge’s platform to task and focus on the truly strategic aspects of their work.

The solution is multilingual and can be integrated with any document management system. It is also holistic, meaning it is not specialized to one particular type of document, problem or task, and can be applied to various processes and business functions.

Although DeepJudge is still at an early stage and is primarily focused on signing new clients and further developing its offering at this time, the startup has long-term ambitions to expand overseas, “become a global legaltech company” and “revolutionize workflow” legal professionals and anyone else who deals heavily with reading and processing documents.”

Stableton Financial is increasing its market footprint

For Stableton Financial, the operator of an alternative investment platform, the winner of the 2022 Growth Stage Startup of the Year title has generated significant media attention and helped it increase its market footprint, Andreas Bezner, co-founder, managing partner and CEO of Stableton Financial, told Fintech News Switzerland.

Founded in 2018 and operating from offices in Zug, Zurich, Berlin and Riga, Stableton Financial’s alternative investment fintech platform focuses on the acquisition of privately held growth companies and the creation of unique top-tier investment opportunities with enhanced liquidity. Investments are available on a deal-by-deal basis or via portfolios. Private investors can access them through bankable structures with relatively low investment minimums of USD 10,000, no paperwork and a short-term investment horizon of up to five years. In addition, professional investors have access to institutional investment structures and processes that adapt to their way of investing.

Stableton Financial performs research and due diligence when selecting deals. These deals are often sourced via secondary transactions at attractive discounts to previous funding rounds, a stark contrast to other market participants who optimize on volume and list almost all deals on their platforms, Bezner said.

The fintech company currently works primarily with professional and institutional customers such as banks, asset managers, family offices and pension funds, but increasingly also works directly with customers. It also offers extensive partnership opportunities to financial intermediaries.

Stableton claims more than 2,000 users in Switzerland and says more than 2% of all Swiss financial intermediaries are in its customer base.

The win of the 2022 Growth Stage Startup of the Year Award came on the back of a number of milestones the startup reached this year, including the award of an asset management license from the Swiss Financial Supervisory Authority (FINMA), as well as the closing of its Series A round of CHF 15 million. Announced in July, the company said at the time that the proceeds would be used to scale its existing operations in Switzerland, expand its technology offering and available investment structures, as well as expand internationally.

Andreas Bezner

“Both the Swiss Fintech Award and the funding announcement helped us get noticed and recognized even more,” said Bezner.

“We are among Switzerland’s most visible players in alternative investment areas when we work in partnership with the largest banks. […] [Also,] we are receiving tremendous positive feedback and inbound interest from product investors, as well as strategic and VC investors.”

Bezner said Stableton is now working on the rollout of new products and platform features. “Within five years, we aim to be one of the global fintech leaders in the alternative investment space, and build a global leading alternative investment market network,” he said. Last week Stableton also announced the expansion of their management team.