BBVA is teaming up with leading fintech venture investor and builder Anthemis to build the next generation of fintech startups.
The BBVA Anthemis partnership reinforces the bank’s strategy to be part of the fintech ecosystem. Moreover it will develop products and services for the new era of digital banking.
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The studio will create value by deploying capital and resources to building businesses that address untapped user needs.
In addition, the BBVA Anthemis partnership aims to attract the best fintech entrepreneurs.
BBVA will expand its footprint in the fintech ecosystem. Meantime, Anthemis will continue its mission to cultivate change in financial services. BBVA and Anthemis expect to help startup founders find fintech business opportunities.
They will initiate projects and see them develop from conception through to the seed capital round of financing.
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By GlobalDataBBVA Anthemis: Complementing start up activity
The partnership will also complement BBVA’s current startup activity. The bank creates, invests in, and collaborates with companies in the fintech ecosystem through its venture capital fund Propel.
BBVA’s New Digital Businesses (NDB) unit promotes disruptive entrepreneurship and the creation of fintech startups.
Ian Ormerod, BBVA’s Head of New Digital Businesses, said: “This agreement will help us realise growth in our capacity to promote, create, and advance UK and international fintech projects outside of our core markets.
BBVA Anthemis: find the best fintech ideas
“The aim is simple. Find the very best fintech ideas – the ones that are real game-changers. They will improve people lives and the way businesses operate and then support their growth.
“Anthemis’ experience in the UK, Europe and increasingly across the US makes them the best possible partner for this project.”
Anthemis Founder and President, Amy Nauiokas, continued: “BBVA shares our passion for transforming financial services for the Information Age. The company has played a tremendous role supporting innovation in the fintech ecosystem globally for many years.
“To that end, BBVA is a perfect partner for Anthemis to align with as we seek to find the next opportunity spaces for early stage entrepreneurs inside an industry still so ripe for change.”
