Santander Invests in Digital-Debt Marketplace CrossLend

Date : 10/16/2019 @ 10:25AM
Source : Dow Jones News
Stock : Banco Santander SA (SAN)
Quote : 3.91  0.02 (0.51%) @ 12:59AM
After Hours
Last Trade
Last $ 3.91 ◊ 0.00 (0.00%)

Santander Invests in Digital-Debt Marketplace CrossLend

Banco Santander (NYSE:SAN)
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   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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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