Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


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/