UBS Next will develop a pipeline of technology innovation and a partnership network

Swiss bank UBS is to invest $200m in building a portfolio of stakes in fintech startups as part of its new innovation venture capital fund UBS Next.

It will also sign a strategic deal with London-based venture capital firm Anthemis, the bank said on 27 October, which has previously backed the likes of wealth manager eToro, and digital banks Monese and Tide.

UBS to plug $200m into fintech startups and ties up with venture capital firm Anthemis

UBS to plug $200m into fintech startups in tie-up with venture capital firm Anthemis

Emily Nicolle

Barclays

Research/Development

Corporate/Industrial News

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