On 4 March 2025 the Swiss Financial Market Supervisory Authority (FINMA) opened bankruptcy proceedings against FinTech start-up SWISS4.0 SA.
This measure was necessary as there was justified concern that the institution was overindebted and had serious liquidity problems. FINMA has engaged a bankruptcy liquidator.
FINMA has been closely monitoring the FinTech institution and demanded at an early stage that steps be taken to improve the start-up’s financial situation. SWISS4.0 SA and its corporate bodies were unable to successfully implement adequate measures within a reasonable period.
FINMA has engaged Valfor Avocats Sàrl as the bankruptcy liquidator. SWISS4.0 SA is a micro-start-up with around 250 customers.
The supervisory requirements for the FinTech licence (persons pursuant to Art. 1b of the Banking Act) were deliberately kept low by the legislator so that new business models can be implemented with a…
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