Santander InnoVentures, the fintech venture capital fund of IBOS member bank Banco Santander, announced an investment in London based startup Nivaura.
Nivaura is a regulated fintech company which automates the issuance and administration processes for securities, such as bonds.
For this, Nivaura deploys a digital investment banking platforms for banks and other financial institutions. This automation can reduce time to market by as much as 60-80 per cent for certain transaction types, cutting cost significantly.
Nivaura also announced that it has closed a strategic funding round, raising $20 million in seed and seed extension capital from several partners, led by the London Stock Exchange Group, to rapidly expand its leadership, business development and technical teams in order to accelerate growth. Santander InnoVentures is one of the investors.
Read the full press release via Santander here.