The much-anticipated Swiss Fintech Awards has announced the winners for the year 2021 where winners of the three categories received CHF 24,000 each as prize money.
The awards have been organised yearly since 2015 to promote regional development and to strengthen the Swiss fintech ecosystem.
A network of partner organisations and fintech experts select the best early and growth-stage startups through a multi-tiered application process.
Additionally, the jury, consisting of 20 fintech experts, nominate the winner for the ‘Fintech Influencer of the Year’ category.
The Swiss Fintech Awards winners were selected from about 70 accepted written applications after a rigorous selection process.
Winner of ‘Early Stage Startup of the Year’ award
FQX, a startup digitalising promissory notes using blockchain, was named as the winner for the ‘Early Stage Startup of the Year’ category.
Predominantly paper-based, promissory notes are an unconditional pledge to pay a specific sum to someone at a specific future date. By digitalising them as eNotes, FQX allows users flexibility to sell or transfer them to a third party with ease.
FQX said that banks and fintechs can integrate FQX’s eNote infrastructure on their financing platforms. This allows customers of financing platforms to benefit from the entire eNote lifecycle from issuance to settlement.
The startup is planning to roll out its product to the existing client and partner base over the next few months and is also eyeing international expansion.
The winner for this category is selected from a pool of startups currently working on their first demo or prototype, or which are about to launch their first product or service.