UBS to Invest $200 Million via Fintech-Focused Venture Fund
October 27 2020 - 1:00PM
Dow Jones News
By Joshua Kirby
UBS Group AG plans to invest $200 million in digital and fintech
ventures via a new portfolio, the Swiss bank said Tuesday.
The UBS Next portfolio will target direct investments into
early-stage fintech and other tech ventures, and will begin with a
partnership with fintech-focused venture capital fund Anthemis, UBS
said.
UBS Next will be funded entirely by UBS and managed by a
tech-investment team, the bank said.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 27, 2020 12:45 ET (16:45 GMT)
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