- Michael Eidel has been appointed as the new CEO of Yapeal, succeeding Thomas Hilgendorff, who will transition to the role of Chief Commercial Officer (CCO).
- Eidel will focus on expanding Yapeal’s embedded finance solutions for corporate and consumer customers.
- Yapeal, headquartered in Zürich, offers app-based account services and embedded finance solutions across Europe. It was among the first in Switzerland to obtain a fintech licence in 2020.
- Eidel’s career includes leadership roles at Raiffeisen Switzerland, Credit Suisse, and Commonwealth Bank. He also helped launch Australia’s New Payments Platform (NPP) in 2018.
- The appointment follows Yapeal’s successful financing round, supported by investors including Abacus, with new anchor investors Markus Granziol, Dominik Bollier, and Christoph Burkhard, the latter two joining Yapeal’s board of directors.
Swiss fintech Yapeal unveils new CEO alongside fresh capital boost
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