Santander has doubled the amount of capital allocated to the UK-based fintech corporate venturing unit it launched two years ago.
Spain-headquartered financial services firm Santander committed another $100m to its strategic investment fund, Santander InnoVentures, yesterday, doubling its size to $200m.
Santander launched the London-based fund in mid-2014 with $100m of capital, and it provides funding to early and growth-stage financial technology developers along with connections to the firm’s experts on topics like regulation, operations or technology.
The unit has so far invested in eight companies, including online payment technology provider iZettle, small business lending platform Kabbage,…
