Last week, we started a series of articles to analyze the top banks actively investing in FinTech through PE/VC investments. A bank’s investment strategy can be understood by determining where the bank is investing, its target sectors, and the type of funding series it’s investing in. In this article, we will analyze the top five European banks that have been investing significantly in FinTech startups since 2018.
Europe has one of the strongest FinTech ecosystems. Banks have been reinventing themselves by incorporating new technologies to better serve their customers. FinTech startups in the region have received $27.8 billion in investments since 2018. In 2020, startups received a total of $9.95 billion through 774 deals, while in 2019 and 2018, they received $10.07 billion and $5.22 billion through 647 and 430 deals, respectively. According to our analysis, the top banks that have been actively investing are Barclays, BBVA, Santander, ABN AMRO, and ING. We will analyze the investments made by these banks to determine the segments they are interested in, the countries the FinTechs are based out of, and the type of investment series.