>> Venture >> names Swiss Fintech Veritic as its most innovative startup at an early stage

by James · July 7, 2022

The Swiss start-up competition >> venture >> announced that the Zug-based Veritic was named the most innovative start-up at an early stage in the finance and insurance vertical.

>> venture >> celebrated 25 years of promoting Swiss innovation and entrepreneurship on Tuesday night at ETH Zurich.

The anniversary celebration was highlighted by the award ceremony in 2022 where >> venture >> distributed over 500,000 CHF in non-diluting cash to the country’s most promising startups in the early stages.

The competition ranked and celebrated the 15 winning startups across 5 different industry verticals after receiving a total of 358 corporate entries.

The 15 winners were chosen by the C-suite leaders who make up the >> venture >> advisory board.

The annual competition reopens for submissions from October 1, 2022, for their 2023 edition.

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First place winner: Veritic

Stephan Holzer and Nicolaj Forderer, co-founders of Veritic

Veritic develops user-friendly, multi-chain NFT platforms in collaboration with leading institutions, and is based on a very secure coin and depot infrastructure.

According to Veritic, they work closely with blockchains to enable high-security solutions and move the boundaries of NFT technology.

To achieve their vision of NFTs as part of everyone’s online experience, their work focuses on three key pillars; highly secure embossing and storage of institutional quality NFTs, secure end-to-end compliance process and new user-friendly NFT platforms.

As the winner of the 1st place, Veritic was awarded CHF 50,000 and a McKinsey & Company business consulting package to help start their entrepreneurial journey.

Second place winner: Correntics

Correntics was ranked second in the competition. The Zurich-based start-up helps companies secure the future of their supply chains through their specialized software that helps reduce the economic risk of extreme climates and new risks in global value chains.

Third place winner: Kaspar &

The St. Gallen-based Kaspar & ranked third with its customer-facing all-in-one app that includes a Swiss bank account and an automated transaction-based rounding mechanism that invests the resulting micropayments in professionally managed investment strategies.

Check out Veritic’s short video intro here: