Santander Invests in Digital-Debt Marketplace CrossLend
October 16 2019 - 6:25AM
Dow Jones News
By Max Bernhard
Banco Santander SA (SAN.MC) said Wednesday that its InnoVentures
fintech venture capital fund took part in a 35-million-euros ($38.6
million) funding round for digital-debt marketplace CrossLend.
The investment round for the Berlin-based startup also included
funding from existing investors Lakestar, ABN AMRO Bank NV
(ABN.AE), and Earlybird, the bank said.
CrossLend Chief Executive Oliver Schimek said the company is in
talks with other banks to become investors in the coming
months.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 16, 2019 06:10 ET (10:10 GMT)
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