Swiss start-up Grow Bank aims to bring crypto and fiat currencies under one roof
A new fintech in Zurich, Switzerland – Grow Bank – hopes to bring crypto and traditional currencies under one roof. The start-up says it supports 64 fiat currencies and 20 cryptocurrencies, allowing users to carry out exchange operations with a “minimum” commission.
New crypto-focused fintech in Switzerland – Grow Bank
It claims to be “one of the first in the world to link the traditional banking structure with a product of the decentralised finance ecosystem”.
Grow says it holds an e-money licence and that “its users are protected by Swiss law”.
Users can open a personal or corporate deposit account using Grow’s app, get access to a debit card, and exchange currencies in fiat or crypto. It charges an annual fee of €145 for personal and corporate cards, and €12 per month for personal and corporate accounts. Grow also issues its own tokens which users can purchase and receive dividends on.
On its website, the fintech says its services “are available to anyone, anytime, even customers from countries where cryptocurrency is not regulated”.
Salavat Abdullin is listed on LinkedIn as Grow’s founder.
Sergey Balasanyan, former CEO and co-founder of Longevity, a UK-based start-up that combines money management and healthy lifestyle in one fintech app, is Grow’s co-founder.
