Yova reportedly won backing from Germany's financial regulator for its long-planned market launch abroad.
The Swiss fintech's CEO Tillmann Lang had flagged the expansion to Germany last spring and as «Handelszeitung» (in German) reports on Friday, won approval from financial regulator Bafin to do so.
The impact investment-focused start-up has already begun recruiting in the German market, the Swiss outlet reported. Yova just wrapped an 11 million Swiss franc ($12.3 million) funding round three weeks ago, which it said it wants to use to expand in Switzerland as well as in wider Europe.
Yova aims to hire in the near term 20 full-time staff to its current headcount of 30 employees. Its platform only makes investments in publicly-listed companies in environmentally-friendly or sustainable industries such as wind turbine manufacturers, Beyond Meat and Tesla. Its portfolio range comprises 30 to 40 shares in various industries, countries, currencies, and sizes.
