Santander to launch $100m FinTech fund Venture capital fund will look to support tech start-ups worldwide Written by Megan Dunsby Published on 7 July 2014 Our experts We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. Written and reviewed by: Megan Dunsby Direct to your inbox Sign up to the Startups Weekly Newsletter Stay informed on the top business stories with Startups.co.uk’s weekly email newsletter SUBSCRIBE Financial services provider Santander has announced it is to launch a $100m venture capital (VC) fund for financial technology (FinTech) start-ups.The fund, which will be based in London but will have a global remit, is said to provide support for “the digital revolution” and will use start-up “innovations” to benefit its customer base.The funding pot will be 100% owned by Santander but will stand-alone as an organisation its own right, and intends to initially focus on backing ventures in e-commerce and payments, online lending, big data analytics, and ‘e-financial’ investments.Santander plans to use the fund to become more involved in FinTech; an area which it claims has traditionally only accounted for 10% of all bank investments.Ana Botin, Santander UK chief excecutive, commented: “The Santander FinTech Fund builds on our philosophy of collaboration and partnership with small and start-up companies at Santander.“In this case our aim is to provide FinTech companies with much needed capital, whilst we gain know-how and our customers benefit from the latest thinking.” Share this post facebook twitter linkedin Written by: Megan Dunsby