Coop launches Coop Finance+

Niederer Kraft Frey advised Coop on the launch of Coop Finance+. With Coop Finance+, in collaboration with several partners in the financial, pension and technology sectors, Coop is the first company in Switzerland to launch a new and completely digital solution for financial and pension products. Customers can use the new Coop Finance+ App to open a savings and private bank account, make payments and save for their retirement in a pillar 3a account. Account holders can withdraw cash free of charge at all of the approximately 1,000 Coop super-markets and Coop City department stores. This makes Coop one of the largest providers of free cash withdrawal options in Switzerland. Further digital financial products are to follow in the coming months.

The NKF team was led by Banking, Finance & Regulatory partner Sandro Abegglen, working with associates Stefan Härtner, Nina Bremi, Lukas Fahrländer, Antonio Gramunt and junior associate Sarah Schöb (all Banking, Finance & Regulatory) as well as partners András Gurovits (Technology/Data Protection) and Moritz Maurer (Corporate/M&A).