Santander Launches $100M Venture Capital Fund for Fintech Startups
Summary
Spanish banking giant Banco Santander (SAN.MC, STD.N, BNC.LN) is to launch a $100m venture capital fund focused on fintech startups.Based in London, UK, the fund will provide fintech companies with finance and customers worldwide with the benefits coming from the latest know-how and innovations.The firm, 100% owned by Santander UK and led by Ana Botin, chief executive of Santander UK, will seek potential opportunities worldwide.It will focus on: – Digital delivery of financial services – aimed at reinforcing distribution and the overall customer experience in the new digital environment, E-commerce and Payments ventures; – Online lending – ventures using new data sources to provide better access to credit, including crowd and social funding; – E-Financial investments – online systems to distribute financial investment products with self-service and planning capabilities organised around the lifecycle; and, – Big Data Analytics – platforms to leverage financial and not financial information to provide better services to our customers.FinSMEs 04/07/2014
Funding
Review available funding amount, funding date, investors, and linked company information related to Santander Launches $100M Venture Capital Fund for Fintech Startups in the interactive ISVWorld profile.