Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

SANTANDER INNOVENTURES COMPLETES INVESTMENT IN LEADING WEALTH MANAGEMENT TECHNOLOGY AND ROBO-ADVISORY PLATFORM SIGFIG

SANTANDER INNOVENTURES COMPLETES INVESTMENT IN LEADING WEALTH MANAGEMENT TECHNOLOGY AND ROBO-ADVISORY PLATFORM SIGFIG

Fintech corporate venture capital fund of Santander Group announces strategic investment in leading San Francisco-based wealth management technology provider

Santander InnoVentures, the fintech venture capital fund of Santander Group, today announced its latest portfolio investment in SigFig – a US-based provider of wealth management technology, designed to provide high-quality investment advice to all wealth levels via a combination of design, data science, and technology.

Santander InnoVentures is participating in this financing round alongside a number of leading, major financial institutions including Comerica, Eaton Vance, New York Life, as well as UBS and top-tier venture capital firms Bain Capital Ventures, DCM, Nyca Partners, and Union Square Capital Ventures. SigFig will use this most recent injection of capital for a major expansion of its team and platform as it scales its enterprise strategy of building investment technology for a wide range of financial institutions.

Mariano Belinky, Managing Partner at Santander InnoVentures, said: “The ongoing need for affordable, accessible financial advice continues to be an area of focus for the investment industry. SigFig is at the forefront of tackling this need, providing enterprise-level wealth management technology that is secure, scalable and compliant – tailored to firms’ unique corporate strategies and individual client needs.”

Belinky continued, “We share a common vision with Mike Sha and the SigFig team, one that extends beyond traditional wealth management, to embracing the challenge of bringing an understanding of financial well-being to every individual. We hope to be able to now collaborate with the aim of ultimately bringing their platform to serve Santander’s 122 million customers.”

In line with all Santander InnoVentures investments, the partnership with SigFig goes beyond traditional VC involvement – providing capital as well as access to the scale and expertise of Santander as a global financial institution, operating in 10 core markets in Europe and the Americas.

This latest investment is Santander InnoVentures’ first in the investment advisory space – a key vertical segment for the fund. For more information on previous Santander InnoVentures investments, and the strategic investment philosophy behind the fund, please visit http://santanderinnoventures.com/

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post