Finance Breaking news ABN Amro tops up fintech venture fund last financial news
Breaking-Finance.Com - ABN Amro is turbo-charging its fintech investment strategy, injecting a further €50 million into its €100 million corporate venture fund.
Breaking-Finance.Com - ABN Amro is turbo-charging its fintech investment strategy, injecting a further €50 million into its €100 million corporate venture fund. Since the fund was first launched, ABN Amro Ventures has invested in a total of fifteen companies - including the likes of Tink, Privitar and Trifacta - with one successful exit already completed. Six new companies were added to the portfolio in 2020, with four follow-up investments to support further growth. The new increase, from $100 million to $150 million, is the third addition to the fund’s capital since it was set up in October 2015.
. We do this by matching the innovative capabilities of those techs and fintechs directly to ABN AMRO’s concrete client or banking processes. "The investments in and partnerships with the companies in our portfolio also give us unique access to technology and talent. With this latest addition to the fund’s capital, we will be able to further pick up the bank’s pace of innovation.”
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