Manuel Silva, partner at Santander InnoVentures, describes the fund capitalization and balance-sheet backing from Banco Santander.
0:00 / 0:09exact quote · 9.8s
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“So the fund started nearly two years ago with an initial location of a hundred million dollars that you may have seen got got extended to two hundred million around summer this year.”
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More from Manuel Silva
AssertionSupported
Santander InnoVentures invested early in Kabbage to launch a UK loan product
“It's a company we invested early on in, in the fund and we've been working with them in developing a working capital loans product for the UK that was just launched a few weeks ago.”
Manuel SilvaJan 23, 2017▶ 4:33EP 548: $200M FinTech Fund Bullish on Kabbage with Santander Innoventures Partner Manuel Silva
Disclosure
Santander InnoVentures requires portfolio startups to collaborate with the bank
“As part of our investment process, we need to make sure that the bank and the companies we invest in, Work together.”
Manuel SilvaJan 23, 2017▶ 2:25EP 548: $200M FinTech Fund Bullish on Kabbage with Santander Innoventures Partner Manuel Silva
Disclosure
Santander InnoVentures relies on Crunchbase most for fintech research
“We use, you know, we use a lot of tools, but probably Crunchbase is, you know, when we use the most.”
Manuel SilvaJan 23, 2017▶ 15:13EP 548: $200M FinTech Fund Bullish on Kabbage with Santander Innoventures Partner Manuel Silva
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