Swissquote, the online financial services provider of SIX listed Swissquote Group Holding Ltd revealed the end of its fund raising campaign in its latest announcement. As per statement issued by the firm, it had managed to collect CHF 236,087 via its “Trade for Good” fundraising campaign and donated the funds to corona aid projects of Caritas Switzerland. The firm had began this campaign back in 17th of April, 2020 in which the firm committed to donate one franc per transaction which takes place during the fund raising period for good cause of corona aid projects. The fund raising campaign lasted for 22 days and ended on 8th May, 2020.
Caritas is a Zewo certified relief organisation with a proprietary global network created out of its branches located in nearly 165 countries and aims at fighting against poverty. The Caritas Switzerland has been committed to preventing, alleviating and fighting against poverty in Switzerland and 20 other countries around the world. Via use of its regional network inside Switzerland, the organisation has been committed to helping people affected by poverty in the rich nation across wide social circle be it families, single parents, unemployed people or working poor. The Switzerland branch of Caritas is headquartered in Lucerne and registered as an independent association.
Commenting on their successful fundraising campaign, Marc Burki – Chief Executive Officer of Swissquote said “We are delighted with the good results and the fact that we together with Caritas Switzerland are able to help people living in poverty and families in precarious situations”.
Speaking about their work in the country and this fund raising campaign, Hugo Fasel – Director of Caritas Switzerland said “ Just as small businesses run into liquidity problems, many families at risk of poverty also lack the money to pay their bulls at the end of the month. There is no credit guaranteed by the Department of Finance for them. Families and single people with low wages and supplemental income are the first to suffer from the crisis. The poorest are hit hard. Thanks to donation from companies such as Swissquote, but also from private individuals, we can support these people quickly and unbureaucratically”.
