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Santander adds $100m to venture fund to promote fintech startups

Money - Santander is putting $100m into its venture fund - SantanderCB

Santander is putting another $100m into its venture fund to invest in fintech startups around the world.

The latest injection doubles the bank's UK-based venture investment fund, Santander InnoVentures, which has already invested in blockchain startups Ripple and Digital Asset Holdings.

Ana Botin, Banco Santander's executive chairman, said: 'The fund's base in the UK has allowed it to benefit from London's position as a fintech hub, while talent-spotting our investments on a global basis. Santander remains committed to the UK and excited about its fintech enterprises.'

Santander is eyeing startups in Latin America and across Europe with the expanded fund and new technologies.

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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