Kabbage helps to power new service for Santander UK

Hello – that’s Hej! here in Denmark – from Money20/20 Europe in Copenhagen which is getting started today with the announcement of a joint initiative between our colleagues at Santander UK and Kabbage, one of our own portfolio businesses.

The news – the full press release is here – is a great endorsement of the Santander InnoVentures approach: to invest in fintech businesses which offer the potential to bring new services to market which will benefit our customers.

Our goal is always to look for investments which can offer benefits to our 100 million plus customers around the world. In this case the new service in the UK will be available not just to our existing customers but to some 5.4 million UK small and medium sized businesses.

This collaborative approach is a key part of the effort we put behind helping our portfolio businesses to grow, while also delivering innovative services to our customers. Expect to see more examples of these types of successful collaboration.