The financial services firm plans to initially complete up to 20 deals through the fund, which will support fintech and several other technologies.
Russia-based financial services firm Bank Saint Peterburg plans to launch a $30m venture capital fund, DealStreetAsia has reported.
The unit will invest in financial technology as well as software, IT and big data, advertising technology, the internet of things, industrial technology and biotech, and intends to complete up to 20 deals within a three-to-five year period.
Bank Saint Peterburg will provide between $50,000 and $150,000 for each startup through the fund, which will be launched in conjunction with the opening…
