BBVA Shuts In-House Venture Arm, Pours $250M Into New Fintech VC Propel Venture Partners
BBVA — the Spanish banking giant that acquired Simple in the U.S. and last year made a $67 million investment in still-stealth mobile-only bank Atom in the UK — is changing up how it plans to invest in fintech startups in the future. The company is shutting down its in-house venture arm, BBVA Ventures; and it is taking BBVA Ventures’ portfolio, the $100 million fund it… Read More
