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Santander spins out its $400m fintech venture-capital arm

The renamed Mouro Capital has invested in Ripple, Tradeshift and Upgrade

Santander has spun out its fintech venture-capital arm and doubled its allocated funds to $400m.

The Spanish bank said the business would be managed autonomously and lead funding rounds with initial investments of up to $15m.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached