Santander Invests in London-Based Startup Nivaura
27 Februar 2019 - 11:54AM
Dow Jones News
By Pietro Lombardi
Banco Santander SA's (SAN.MC) fintech venture capital fund is
investing in Nivaura, a London-based startup whose focus is on
automating the issuance of securities.
Santander InnoVentures is among the investors taking part in
Nivaura's $20 million funding round led by the London Stock
Exchange Group PLC (LSE.LN), the Spanish bank said Wednesday.
The startup offers a digital investment banking platform for
banks and other financial institutions.
"Nivaura has proven its ability to deliver substantial cost
reduction and open up new markets for clients that up to now
remained unserved," said Manuel Silva Martinez, managing partner
and head of investments at Santander InnoVentures.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
February 27, 2019 05:39 ET (10:39 GMT)
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