Meet Marc Schuster, Co-Founder and CEO of Evorest
Please tell us about yourself and your startup.
My name is Marc Schuster, and I am the Co-Founder and CEO of Evorest. Evorest strives to digitize the end-to-end rental deposit process for tenants and property managers while reviving locked-up capital.
Tenants will be able to sign their rental deposit contract digitally and invest their locked-up capital in low-volatility ETFs to earn a return that they get to keep. Those who do not want to invest can also open a conventional deposit account fully digitally. Evorest is working with a partner bank which manages the capital and thus guarantees the security of the deposits at all times.
Property managers will be able to open, modify and close rental deposit accounts with just a few clicks. By digitizing the entire customer journey, Evorest will make daily tasks more efficient and enable deposit openings in just 24 hours. In addition, property managers will receive an increased level of damage coverage if markets go up – while the paid-in deposit is always guaranteed.
Evorest consists of a team of three and was founded in Q1 2023 in Zürich.
What are your plans for 2023? What is your long-term vision?
We founded Evorest in early 2023 and raised a seven-digit pre-seed financing from private and professional investors to bring a novelty product to the Swiss rental deposit market. We are currently working hard to bring the final product to the market and intend to launch it in Q4 2023.
What motivates you to continue your business every day?
Above all, we want to revive locked-up and unproductive capital, which we believe should no longer exist in our world today. Especially in the Swiss market with approximately 60% of tenant share – partially life-long – we believe this inefficiency can be avoided. Considering that every tenant has multiple thousand Francs locked up, we strongly believe it is smarter to grow with the stock market, similar to the 3rd pillar.
Our product is targeting all tenants, the ones who
have already experience in investing as well as the ones who are just getting started. Deposits are locked up for many years and therefore very well suited to invest in low-volatility ETFs, which grow with the market. Our goal is to build an innovative and easy-to-use product, which doesn’t exist in the market yet and brings value to all stakeholders including tenants, property managers and real estate owners in Switzerland.
What does it mean to you to be a member of the Swiss Startup Association?
We really enjoy being part of the Swiss Startup Association and getting to know other entrepreneurs at the SSA events. It’s really refreshing to meet other start-up founders and to hear their stories, challenges and successes. Looking forward to future events and to meet other founders.
Would you recommend joining the Swiss Startup Association?
Yes, absolutely. I believe SSA has great benefits for founders. Going to the events is not only fun but also very helpful, especially for founders coming from different career paths.
It offers the possibility to get to know the Startup ecosystem in Switzerland better. Furthermore, as a startup one can benefit significantly from the existing partnership with local or international service providers (e.g. SaaS software, lawyers etc.), which can help a lot, especially in the beginning, when you start off your business.
Have you ever visited the events of the Swiss Startup Association?
Yes, we attended the Founders Dinner: The big one on the 22nd of June. I can highly recommend it. A very well-organized and cool event with interesting speakers and people attending. It was great to get to know other Startup founders in Switzerland and extend my own network in the startup ecosystem.