Search Results for "Santander"
8 results for "Santander"
Deals 7
Five UK Banks Pilot Bank Accounts for Homeless Without Fixed Address
Lloyds, NatWest, Barclays, Nationwide, and Santander partnered with charity Shelter to pilot bank accounts for homeless individuals, waiving fixed address requirements. The initiative is part of the UK's Financial Inclusion Strategy. It demonstrates embedded finance principles applied to underserved populations.
Santander's PagoNxt Acquires MIT to Expand Getnet Merchant Payments in LATAM
PagoNxt, Santander's payments fintech subsidiary, acquired a 70% stake in MIT, a technology partner, to accelerate the expansion of its Getnet merchant payments platform in Mexico and Latin America. The deal strengthens Santander's embedded merchant acquiring capabilities through a bank-owned fintech structure.
Santander Spins Out Mouro Capital With $400M for Fintech Investments
Banco Santander spun out its fintech venture capital arm Santander InnoVentures into an independent entity called Mouro Capital, doubling allocated funds to $400 million. Mouro Capital will invest in fintechs and financial services businesses globally. The move gives the fund greater operational independence while maintaining Santander's backing.
Santander InnoVentures Invests in Latin American SME Lender a55
Santander InnoVentures, the venture capital arm of Santander Group, invested in a55, a Latin American alternative SME lender. The investment supports a55's mission to provide liquidity solutions to recurring revenue companies in Brazil and Mexico. This deal exemplifies the bank-fintech partnership model where traditional banks back embedded lending fintechs.
Santander Acquires 50.1% Stake in Fintech Ebury for $450M
Santander acquired a controlling 50.1% stake in UK-based fintech Ebury for approximately $450 million. Ebury operates a payments and foreign exchange trading platform focused on SMEs. The deal aims to bolster Santander's international trade and SME banking services through embedded fintech capabilities.
Curve Raises $55M Series B to Expand Card Consolidation Platform
London-based over-the-top banking platform Curve raised $55 million in a Series B round at a $250 million valuation. The round was led by Gauss Ventures with participation from Santander InnoVentures and others. Funds will support European expansion, new features, and a planned 2020 U.S. launch.
Accenture FinTech Innovation Lab London Launches Sixth Cohort with 32 Bank Sponsors
Accenture launched the sixth cohort of its FinTech Innovation Lab London on January 2, 2018, pairing 20 shortlisted fintech startups—including a dedicated RegTech stream—with executives from over 32 major financial institutions. Sponsor banks included Citi, Goldman Sachs, HSBC, JPMC, Lloyds, Morgan Stanley, Santander, UBS, and others. The program focuses on solutions for PSD2, GDPR, MiFID II compliance, fraud detection, and blockchain security.