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
Mobile Commerce
Levi’s Appoints Walmart exec Marc Rosen as eCommerce Boss
News
Michael’s Data Breach More Wide Ranging Than Initially Thought
Alternative Financial Services
Lending Club Announces New Funding and Acquisition
Mobile Commerce
Sprig Springs Into The Food Delivery War, With A Plan
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
Breach Round Up
The Heartbleed Bug Effects More Than Just Software…
Mobile Commerce
Levi’s Appoints Walmart exec Marc Rosen as eCommerce Boss
B2B Payments
Why Mark Cuban Invested in e-Procurement
News
Michael’s Data Breach More Wide Ranging Than Initially Thought
View All Articles ››