Venture capital invests in Fintech: Santander innoventures, Propel Venture Partners

Integral service around a transaction
BY : Diego GutiérrezJuly Fri, 2016
Technology in the financial sector is gaining strength and banks do not want to be left behind, proof of this is that we have recently learned that Santander has increased its fintech fund and BBVA has made a new investment through Propel.

Santander InnoVentures increases its fintech investment funds by $100M

This fund was created in 2014 and its investments in minority stakes in startups could now reach $200M, up from the initial $100M. Santander InnoVentures has invested in market-leading Fintech companies such as Source (digital identity), SigFig (wealth management), Ripple, Digital Asset, Elliptic (blockchain), Kabbage (SME financing), Cyanogen (mobile ecosystems), and MyCheck and iZettle (payments).

The participation of Santander InnoVentures in companies goes beyond a financial investment in entrepreneurial capital. The fund provides capital, but also facilitates access to the clients of Santander Group, a global financial institution operating in ten major markets in Europe and the Americas, serving more than 120 million customers. In addition, InnoVentures portfolio companies gain access to the Group's regulatory, operational and technology experts.

Santander aims to become one of the leading banks in the introduction of innovative technologies, in order to respond to the needs of its customers. It is also headquartered in London, a strategic location for this sector.

Propel Venture Partners invests in pension startup Guideline

Propel Ventures is a venture capital firm in which BBVA has recently invested US$250M, to invest in Fintech. Since its launch in February this year, it has already invested in three Fintech startups and now it has just announced its fourth investee: Guideline., an online platform for the management of US pension plans, known as 401(k) plans.

Ryan Gilbert, partner at Propel, points out that Guideline is a very attractive opportunity due to the market opportunities and the company's approach. "The US retirement plan market is huge, having grown from US$4.4 trillion in 2014 to over $6 trillion in 2016. However, those participating in small 401(k) plans pay exorbitant management fees, ranging from 0.68% to 2.66%.

Fintechs gain momentum in Spain

Finnovista has recently published the Fintech Radar Spain, which contains interesting data on the state of the art of the Fintech sector in Spain. 207 Fintech startups make Spain the largest Fintech innovation market in Latin America, well above the 130 in Brazil, 128 in Mexico, 77 in Colombia and 56 Fintech startups in Chile.

Specifically, the Fintech segments with the most activity, innovation and dynamism in Spain are: Payments & Remittances (24%), Lending (25%), Enterprise Financial Management (11%), Crowdfunding (10%), Insurance (8%) and Personal Finance Management (10%).

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?