Largest Spanish banking group invests in fintech company

London based startup Nivaura has closed a strategic funding round

Largest Spanish banking group invests in fintech company. Source: shutterstock.com

The fintech venture capital fund of Banco Santander, Santander InnoVentures, announced an investment in London based startup Nivaura, a regulated fintech company which automates the issuance and administration processes for securities, such as bonds. For this, Nivaura deploys digital investment banking platforms for banks and other financial institutions. This automation can reduce time to market by as much as 60-80% for certain transaction types, cutting cost significantly.

Nivaura has already successfully proven the platform for structuring, distributing, executing and settling securities both traditionally (settlement through existing clearing infrastructure) and as tokenized instruments that are registered and settled on distributed ledger platforms.

Nivaura announced it has closed strategic funding round, raising $20 million in seed and seed extension capital from several partners, led by the London Stock Exchange Group Santander InnoVentures is one of the investors.

Santander InnoVentures is Santander’s $200 million corporate venture fund. 70% of the fund’s portfolio companies are now in strategic engagements with the group.

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