BNP Paribas announced its first investment into Anthemis, a global investment platform and category leader in fintech. No financial details have been disclosed by BNP Paribas in terms of the size of the investment nor by Anthemis in terms of the total size of the fund.
The investment is being made through the European bank’s Global Markets Strategic Investments unit, which invests in high growth fintech companies, and is part of a strategy to partner with innovative technology companies to transform their value chain and provide an industry leading service to its clients.
This investment further strengthens the current portfolio of fintech investments made by Global Markets, which includes the likes of Kantox, Symphony, Saphyre and Forge (digital and fintech firms). BNP Paribas is a solid supporter of innovation in the financial services sector, providing a market leading incubation center and partnership model for external industry innovators.
Olivier Osty, head of Global Markets at BNP Paribas, said in a statement: “We are not only investing in the fund but also looking at potential partnerships and co-investment opportunities which will support the capital markets industry and develop the next generation of fintech champions.”
Anthemis was founded in 2010 with a primary focus on fintech and insurtech sectors and has built up a large portfolio of successful start-ups including eToro, the world’s largest social trading and investment network and Azimo, an international online money transfer company.
Anthemis CEO Briana van Strijp, said in a statement: “For over a decade, Anthemis has been committed to reshaping financial services, cultivating change by investing in, growing, and sustaining businesses committed to improving the world. This work cannot be done without partners like BNP Paribas.”