Santander launches $100m fintech venture fund
Spanish banking giant Santander has launched a $100 million, London-based fintech venture capital fund as it bids to get in on the ground floor at startups leading the financial services digital revolution.
Owned by Santander UK but operating as an independent unit, the fund will look to invest in fintech firms around the world, initially focusing on startups involved in e-commerce and payments, online lending and investing, and big data analytics.
Accenture research shows banks traditionally only accounted for 10% of fintech innovations, whilst VC backed companies have supported 60%.
Read the full article in Finextra: Santander launches $100m fintech venture fund
