Dutch banking corporation ING has launched ING Ventures, a $349m (€300m) fund aimed at backing fintech firms as part of the company's wider strategic plan. ING Ventures will be led by Benoît Legrand, ING’s global head of fintech, and will be part of the company's chief innovation office. The Amsterdam-based bank has already signed 115 strategic fintech partnerships, most recently with small and medium-sized business lender Kabbage.
Dutch banking corporation ING has launched ING Ventures, a €300m ($349m) fund aimed at backing fintech firms as part of the company's wider strategic plan. ING Ventures will be led by Benoît Legrand, ING’s global head of fintech, and will be part of the company's chief innovation office. The Amsterdam-based bank has already signed 115 strategic fintech partnerships, most recently with small and medium-sized business lender Kabbage.