Insights
Data Republic website
Published
Share

ING launches EUR 300 million fintech fund

ING has just launched ING Ventures, where the company is set to invest EUR 300 million of its own funds into fintech companies. This move expands their already impressive investment portfolio. ING Ventures will be run out of its chief innovation office, and led by Benoit Legrand, its global fintech head. The fund targets both startups and outfits that have already gained some share of the market in locations around the world where the company is already present or it is planning to head to next. Presently, ING has made over 100 fintech strategic partnerships and investments throughout the globe, including being a member of Holland Fintech. ING says that these partnerships and investments in fintech are part-and-parcel to its innovation strategy. ING’s most recent example of said strategy is a partnership with SME lender Kabbage, who have expanded to France and Italy after the two companies successfully rolled-out a project in Spain that created an entirely paperless, automated, lending service for SMEs. According to ING and Kabbage, with the former, companies can apply and qualify to gain access to continuing credit lines of up to EUR 100,000, all in less than 10 minutes.]]>

Share this Article
Related Insights
Featured
DUTCH FINTECH MAP 2022
Since 2014, Holland FinTech has been mapping the fintech landscape, in the Netherlands and abroad.
Landing in the Netherlands
New to the Netherlands? Want to know who is who and where to meet them? Read all about the Dutch market, and find your path to successful market access!
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 12-15 September! Be a sponsor, co-organizer, or just participate at the summit or one of the countless side events.

How likely are you to recommend Holland FinTech?