Cantonal banks join emonitor
The cantonal banks of St.Gallen, Graubünden and Lucerne are now majority shareholders in emonitor AG. With their participation in the fintech with a focus on real estate, they want to establish a close cooperation between emonitor and the real estate portal newhome.ch.
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St.Galler Kantonalbank ( SGKB ), Graubündner Kantonalbank ( GKB ) and Luzerner Kantonalbank AG ( LUKB ) are the new majority shareholders of Proptech emonitor AG . The investment takes place through the company BES Holding AG, which was founded by the three banks.
Proptech emonitor, based in St.Gallen, digitizes rental and sales processes for real estate. According to a joint press release by the three banks, the aim of all those involved is to establish close cooperation between emonitor AG and the real estate portal newhome.ch . In doing so, they want to gradually expand the network around real estate and living.
Together with 14 other cantonal banks and other important players in the Swiss real estate industry, SGKB, GKB and LUKB are the owners of newhome.ch, which was founded in 2013. According to the information, they intend to win additional cantonal banks to participate in emonitor in the coming months.
The cooperation with the cantonal banks enables emonitor to further expand the ecosystem around the issues of housing and real estate in Switzerland, says co-founder and CEO Daniel Baur: "The cantonal banks are the ideal partners for us because they have a high level of trust in the population and enjoy in the real estate market. "
Enrico Lardelli, member of the management of GKB and new board of directors of emonitor AG, also emphasizes the importance of this strategic partnership for the living ecosystem. Accordingly, the participation of his bank has a "long-term, strategic character".
