BBVA Shuts In-House Venture Arm, Pours $250M Into New Fintech VC Propel Venture Partners

rocket chalkboard BBVA — the Spanish banking giant that acquired Simple in the U.S. and last year made a $ 67 million investment in still-stealth mobile-only bank Atom in the UK — is changing up how it plans to invest in fintech startups in the future. The company is shutting down its in-house venture arm, BBVA Ventures; and it is taking BBVA Ventures’ portfolio, the $ 100 million fund it had… Read More
Enterprise – TechCrunch

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