BBVA Ventures Launches With $100M For Financial Startups

What's Next In Payments®
6:44 PM EDT January 23rd, 2013

BBVA has announced that it’s pooled $100 million for a new investment arm, BBVA Ventures, that will look to fund startups in the financial services industry, reports VentureBeat. The Spanish banking group will use BBVA Ventures to keep tabs on startups and innovation in Silicon Valley. BBVA is the largest financial institution in Mexico and has franchises in South America and the United States as well.

“Investing in startup companies committed to new business models enables BBVA to learn and anticipate the emerging challenges facing the financial services sector,” said Jay Reinemann, executive director.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Merchant Innovation
Nintendo Brings Contactless Payments To Japan
Mobile Commerce
How Many Mobile Users Actually Shop Online?
B2B Payments
Wealth Management Firm Jumps On The NetSuite Train
Company Spotlight
MasterCard Partners With SHAZAM To Introduce EMV Debit
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Exclusive Series
Looking Beyond 3-D Secure’s Rocky Past
Company Spotlight
Why U.S. Consumers Are Itching for EMV Cards
Merchant Innovation
Nintendo Brings Contactless Payments To Japan
Mobile Commerce
How Many Mobile Users Actually Shop Online?
View All Articles ››