ING Creates EUR300 Million Fintech Investment Fund
October 25 2017 - 12:41PM
Dow Jones News
By Maryam Cockar
ING Groep NV (INGA.AE) announced Wednesday that it has launched
a EUR300 million ($352.8 million) fund, ING Ventures, to invest in
fintech companies.
The Dutch financial-services group said that ING Ventures will
over the next four years expand its existing investment portfolio,
which has more than 115 fintech strategic partnerships and global
investments.
The fund will be entirely funded by ING, and will focus on
startups and companies that have gained some traction in the
fintech market, ING said.
Shares in ING in Amsterdam closed 0.04 euro cents, or 0.2%,
higher at 15.96 cents.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
October 25, 2017 12:26 ET (16:26 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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