Radicant

What Radicant does

Radicant was a Swiss digital neobank launched in 2021 as a wholly-owned subsidiary of Basellandschaftliche Kantonalbank (BLKB), headquartered in Zurich. The platform delivered mobile-first banking services to Swiss private clients and small-to-medium enterprises, including CHF and EUR accounts, payment cards, TWINT and eBill integration, standing orders, Pillar 3a retirement savings, and three sustainability-focused investment funds. Distribution was exclusively digital via the radicant mobile app and website, with no physical branch network. A differentiating "My Impact" feature allowed customers to track ESG aspects of their banking activity, and a chatbot named "Radi" handled routine customer-service inquiries.

Radicant's commercial model relied on the BLKB parent for capital rather than generating standalone revenue, and the venture was loss-making throughout its operating life. In October 2024 radicant acquired a majority stake in Swiss fintech Numarics to extend into SME administrative automation, aiming to build an integrated banking, finance, and administration platform. The integration failed, producing a CHF 105.5 million write-down in 2024 and triggering leadership resignations at both radicant and BLKB in summer 2025. Total cost to BLKB from inception through liquidation reached CHF 180-190 million.

Following the failed acquisition and an unsuccessful attempt to find a buyer for the subsidiary, radicant ceased banking operations on November 11, 2025 and entered orderly liquidation. Approximately 20,000 customers were migrated to Alpian by April 2026, Pillar 3a assets were transferred to lemania-pension, and sustainability funds holding ~CHF 20.3 million were liquidated. KPMG was named Data Agent for archival records, FINMA opened an investigation into the Numarics transaction, and the wind-down is expected to take 1-2 years.

Name

Radicant

Legal name

radicant bank ag

Website

https://radicant.com

Company type

Private

Founded year

2021

Operating status

Closed

Headcount range

51–100 employees

Short description

Radicant was a Swiss digital neobank launched in 2021 as a wholly-owned subsidiary of BLKB, offering mobile-first CHF/EUR accounts, payments, Pillar 3a, and sustainability funds to Swiss retail clients and SMEs. Banking operations ceased in November 2025.

Ownership category

akta.pro rank

Product category

Digital Banking (Neobank)

NAICS

Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME/Business Neobanks (FSABAFAB)

Keywords

• Digital banking
• Mobile banking
• Sustainable investing
• Retirement savings
• Payment services

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Pricing tiers

Distribution channels1 record

Marketing channels2 records

Core offering

Radicant operated a mobile-first digital banking platform for Swiss private clients, offering CHF and EUR accounts, payment cards, TWINT and eBill payment services, standing orders, and Pillar 3a (Säule 3a) retirement savings products. It also offered sustainability-focused investment funds and impact tracking, with a planned expansion into SME administration via its acquisition of Numarics. The company ceased banking operations on November 11, 2025 and is in orderly liquidation.

Product overview

Radicant operated as a digital banking platform offering consumer banking services including CHF/EUR accounts, debit cards, payment services (eBill, TWINT, standing orders), and Pillar 3a retirement savings products. The platform also incorporated impact/sustainability tracking features (My Impact) and offered sustainability-focused investment funds. Radicant acquired Swiss fintech Numarics in 2024 to expand into SME administration automation, but this integration failed. The entire platform and banking operations were discontinued in November 2025, with customer accounts transferred to Alpian and sustainability funds liquidated.

Differentiator

Problem solved

Functional benefit

Products and services

• Radicant Digital Banking Platform
• Pillar 3a (Säule 3a) Retirement Savings
• Radicant Sustainability Funds
• Numarics (SME Administration Automation)

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• AlpiancoreStrategic or Co-development Partner · 16 December 2025Radicant Bank transferred its approximately 20,000 customers to Alpian after ceasing banking operations. The transition was planned to complete by April 2026. Alpian assumed servicing of transferred assets, issuing new IBANs and cards. Alpian provided an exclusive welcome package for radicant customers including 1% cashback, 50% discount on investment fees, and quarterly bonuses.
• NumaricscoreStrategic or Co-development Partner · 17 October 2024Radicant bank ag, a subsidiary of BLKB, acquired a majority stake in Numarics, a Swiss fintech specializing in automation of administration processes for SMEs. The merger aimed to create a fully integrated banking, finance, and administration platform. The acquisition ultimately failed due to problematic integration, leading to write-downs of over 105 million CHF and contributing to radicant's shutdown.
• KPMGminorOthersKPMG AG was appointed as Data Agent of radicant ag following the cessation of banking operations. KPMG is responsible for the storage and management of archived records and handles customer requests for personal data and account documentation in compliance with applicable legal and regulatory retention requirements.

Scale indicators3 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Alpian: Swiss digital private bank offering mobile-first banking and investment services to affluent retail clients. Directly comparable to radicant as a Swiss digital-native competitor with integrated banking + investment offerings; Alpian explicitly absorbed radicant's ~20,000 customers during the wind-down (April 2026), underscoring the close product and customer overlap.
• Neon: Swiss mobile-first neobank offering free current accounts, payment cards, and TWINT integration for retail customers. Comparable to radicant as a direct competitor in the Swiss mobile banking segment with a digital-only, no-branch distribution model.
• Yuh: Swiss mobile banking app launched by Swissquote and PostFinance combining spending accounts with investment features in a single app. Directly comparable to radicant's integrated banking + investment + retirement-savings proposition targeting Swiss consumers.
• Zak (Bank Cler): Mobile-first banking app by Bank Cler (Baloise Group subsidiary) offering free accounts and payment services to young Swiss retail customers. Comparable to radicant as a competitor in the Swiss mobile-only retail banking space, though lacking radicant's sustainability and investment features.

Emerging players

• Selma Finance: Swiss digital wealth management platform offering ETF-based portfolios and financial planning tools for retail investors. Adjacent peer to radicant's sustainability-fund and Pillar 3a offerings, with an overlapping Swiss retail target market but a wealth-management-only (no deposit-taking) business model.
• True Wealth: Swiss robo-advisor offering automated ETF portfolio management including sustainable investment mandates. Comparable to radicant's sustainability-themed investment funds for Swiss retail clients, though operating as an investment-only platform without integrated banking.

Broad incumbents

• Basellandschaftliche Kantonalbank (BLKB): Swiss cantonal bank and radicant's 100% parent company and sole capital provider. Comparable as radicant's controlling shareholder and the funder of the entire 180–190M CHF investment, while operating a traditional branch-based retail and business banking model across the Basel-Landschaft canton.
• PostFinance: Swiss postal bank offering retail banking, payments, and digital services including the Yuh mobile banking joint venture. Comparable to radicant as a large Swiss retail bank pursuing mobile/digital ambitions, but operating as an established incumbent with a much larger customer base.
• Triodos Bank: European sustainable banking group operating in the Netherlands, Belgium, UK, Germany, and Spain with a mission focus on ethical and environmental lending and investing. Comparable to radicant's sustainability-first positioning and integrated banking + investment model, though as an established incumbent with broader geographic reach.

Regional players

• Tomorrow: German sustainable neobank offering mobile-first banking accounts with climate-positive features and environmental impact tracking. Comparable to radicant's sustainability-focused positioning and digital-only banking model, but operating in Germany rather than Switzerland and therefore not directly competing in radicant's home market.

Market position

Weaknesses4 records

Competitive moat2 records

Key risks7 records

Key highlights5 records

Customer concentration

• Xx.com/radicants
• Facebookfacebook.com/radicants
• LinkedInlinkedin.com/company/radicants

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radicant