“We are very grateful and happy to have won the renowned Swiss Fintech Award 2018 in the Growth Stage Startup of the Year category!” said loanboox on receiving the accolade at the Swiss FinTech Awards Night in Zurich. This category includes Swiss-based fintech startups that have either existed for more than two years or secured more than 2.5 million Swiss francs in funding.
From 70 submissions, loanboox was selected as one of the fintech startups to make it into the final ten, reported Finanz und Wirtschaft Forum, the organisers of the FinTech Awards. These ten startups from the sector then took part in a fintech boot camp run by Accenture as well as having to present to a jury in a speed dating session. In each category, two companies made it into the final round, in which loanboox was ultimately able to win out over PriceHubble, a startup operating in the area of real estate also based in the Greater Zurich Area.
The jury noted that the loanboox business model is shaking up the capital market for public-sector borrowers, institutional investors and banks. “This company started out in Switzerland and is already beginning to expand into other European countries,” the jury remarked in the press release from Finanz und Wirtschaft Forum. “Its growth is phenomenal and the company improves transparency while reducing costs in a major market.”