Santander spins out its $400m FinTech venture capital arm into Mouro Capital

Santander is spinning out its venture arm into the new entity Mouro Capital, a new autonomous investment firm using its $400m in allocated funds to back innovate FinTech startups without the fear of the big bank spying on them. The new offshoot will take over the responsibilities and portfolio of Santander Innoventures, the venture capital …