- New CEO: Yapeal, a Swiss fintech, has appointed Michael Eidel as its new CEO, succeeding co-founder Thomas Hilgendorff.
- Hilgendorff’s New Role: Hilgendorff will transition to chief commercial officer (CCO), focusing on commercial business development and strategic partnerships.
- Eidel’s Focus: As CEO, Eidel will concentrate on expanding Yapeal’s embedded finance solutions for corporate clients and their end customers.
- Company Background: Yapeal, based in Zürich, offers app-based account services and embedded finance solutions. It was one of the first Swiss companies to secure a fintech license from the Swiss Financial Market Supervisory Authority in 2020.
- Eidel’s Experience: Eidel has held managerial roles at Raiffeisen Switzerland, Credit Suisse, and Commonwealth Bank, and played a key role in advancing retail payments in Australia through the New Payments Platform (NPP).
- Funding Round: The CEO appointment follows the completion of a financing round, with new and existing investors, including ERP provider Abacus, backing the company since 2021.
- New Investors: Markus Granziol, Dominik Bollier, and Christoph Burkhard have become anchor investors, with Bollier and Burkhard joining Yapeal’s board of directors.
