202224 Aug

Yourasset secures capital to provide financing payment solutions for luxury watches

Summary

The platform provides fully regulated financing payment solutions in Switzerland and other markets for luxury watch brands, authorized retailers, and pre-owned merchants that can be easily integrated in-store or online. The solutions are backed by trusted banking and insurance institutions in each country we service.Recently, the company successfully completed its first external funding round, raising a USD 7-figure amount. Lead investor Moshe Schlisser was joined by a Zurich-based Family Office and various angel investors.This successful funding round is an important milestone for the company, and I am delighted with our teams efforts to get us to the next level. Yourasset corners the market in terms of creating an intuitive ecosystem around watch collecting, in a way that unlocks their equity capital while creating thus far non-existent options to finance ones current collection, a first or next purchase.Lead investor, Moshe Schlisser, added, Immediately upon meeting Stephan and the Yourasset team, I was impressed with the comprehensiveness of their platform, and all the pain points it effectively solves for its users and partners. It is a privilege to bet on this team early on and I am looking forward to helping them disrupt the $100 billion per year watch industry.Securing client data with Microsoft Azure in Switzerland.

Source: Startupticker

Funding

$1.2M
Amount
Aug 24 2022
Date
-
Investor
Yourasset
Company

Classifications

Companies