Company Name: BinaryEdge AG

Link: https://binaryedge.io

Founders:

• Tiago Henriques is the Chief Executive Officer at BinaryEdge. He has a masters degree by Research in Computer Security and Forensics, from the University of Bedfordshire.
• Pekka Jäckli is the Head of Finance at UBS Wealth Management Switzerland. He has a masters degree in Biochemistry from the University of Zürich.
• Till Spillmann is a Managing Partner at Bär & Karrer and an Entrepreneur. He has PhD in Law from the University of Zürich.

Founded when and where:
March 2015, Zurich, Switzerland

Your solution in short (1-2 sentences):
We scan the entire internet and create realtime threat intelligence streams and reports that show the exposure of your infrastructure.

What we do and how we do it (full description):
Our platform allows any type of organization with internet facing infrastructure to monitor their exposure to hacker attacks. By providing our clients with the necessary data he can easily view which services are exposed and which vulnerabilities affect them. We work with organizations of different sizes and also target the cyberinsurance market. Our platform is used to have different views, from a microscopic view of a single address to the ability of targeting a country or an organization and view their exposure. Our platform not only presents scanning data but also dataleaks and torrent transactions associated with the target. Our focus is on the cybersecurity and cyberinsurance markets which are both multi-billion dollar markets. Using the 40fy platform from BinaryEdge we have found thousands of security vulnerabilities across multiple industries like banking, pharma,insurance,health,automative and software development.

Markets:
The cybersecurity analytics and data market is a multi billion market, our product also targets cyberinsurance companies which is another multi billion dollar market.

Number of employees:
8

Funding:
CHF 500,000 seed round in August 2015

Why Switzerland is a great place to be a fintech startup:  
Switzerland currently has the biggest support ecosystem for fintech startups. Banking is one of the pillars of the country and therefore they support and push for startups to work really hard.

Specifically for fintech, investors are really supportive as well which avoids startups going for more aggressive valuations and discussions with international VC’s.