11th February 2016 Church News.
BBVA is rewriting its FinTech startup investment plans. The Spanish banking giant is nixing BBVA Ventures, launched in 2013, and is putting the $100 million it had earmarked for the initiative, and another $150 million, into a VC firm called Propel Venture Partners. BBVA will be a limited partner in Propel, which will focus on payments, credit, insurance, wealth management, e-commerce, security and compliance and will open an office in London in addition to its San Francisco HQ.
