Santander Buys Stakes in Three Startups as Botin Pushes Into Fintech
- Pixoneye, Curve stakes show fund’s focus on machine learning
- Gridspace analyzes whether customers feel frustrated on phone
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Banco Santander SA, Spain’s biggest lender, bought minority stakes in three financial-technology firms as Chairman Ana Botin makes machine learning a hallmark of her growth plan.
Santander InnoVentures is investing in Pixoneye and Curve, both based in the U.K., and Gridspace, located in the U.S., according to a statement Wednesday. Terms weren’t disclosed. The acquisitions bring the number of fintech firms in the bank’s portfolio to 15.