BBVA increases its fintech fund to $250M

, ,
Integral service around a transaction
BY : Diego GutiérrezFebruary Fri, 2016
BBVA had already invested in the Fintech sector in recent years as part of its transformation strategy to become the world's leading international digital bank. It has started 2016 strongly and has expanded its BBVA Ventures fund from $100M to $250M and has reached a management agreement with the US firm Propel Venture Partners.

BBVA increases its fintech fund to $250MBBVA expands its BBVA Ventures fund

The Fintech fund of BBVA from the current $100M to $250M, and entrusts the administration of these funds to Propel, which will manage the investments independently and ensure that they go to the best digital financial services startups.

Propel is a new San Francisco-based venture capital firm focused on the fintech sector that intends to open a new office in London from where it will invest in the UK fintech ecosystem, as well as other European opportunities.

The agreement with an independent partner, Propel, and its presence in the US and London, will enable the bank to invest in the best fintech startups in an increasingly competitive fintech venture capital environment and better support the bank's vision of using technology to change financial services for the benefit of customers.

According to Francisco Gonzalez, Chairman of BBVA, the United States is going to be one of the best markets for digital banking, because it is one of the most digitised societies in the world and has one of the most rudimentary banking services. There is a big gap to fill.

The funds managed by Propel will be used to support investments by startups, at early or later stages of funding, that integrate technology and finance. Areas of focus include payments, lending, insurance, wealth management, e-commerce, security and compliance.


What is BBVA doing to get closer to Finthech?

BBVA has already been leading the shift towards digital banking for years and wants to become the world's leading international digital bank. To this end, it has been developing various strategies.

-Acquisitions in Fintech companies: The most recent was the purchase of 29.5% from Atom, the UK's first mobile-only bank.

-Investments through its BBVA Ventures fund: Mostly foreign companies such as the US bitcoin platform.

-Agreements with Startups in the fintech sector: BBVA in the US signed an agreement with Dwolla, This enabled it to allow the bank's customers to use the network in real time to make transfers in the field of means of payment.

-Partnerships for the development of Fintech in banks: R3 project, an alliance between international banks to explore the possibilities of Blockchain technology in their business.

-Programmes to help entrepreneurs in the Fintech sector: Open Talentan international programme aimed at entrepreneurs and startups to support the development of innovative technology-based projects, which has already been running for five editions.

If you are looking for funding for your startup Abra can help you, call +34 946424142 or fill in the contact form.

Other posts that may interest you

Spain-based Spocat Fintech receives €31M

Fintech boom prompts banks to make a move

The fintech sector of choice for investors in Spain

The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?