The investment portfolio will be run by a dedicated team and largely target early-stage companies. “UBS’s venture fund aims to make investments of between $5 million and $20 million to either help fund development of financial technology tools, for example in blockchain or artificial intelligence, or take minority stakes in fintech companies,” according to the article.
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UBS Pushing Deeper Into Fintech with $200M Investment Strategy
UBS Group AG is set to invest $200 million in fintechs in the medium term as a means to further digitalize services and “find new ways to engage with clients.” So reports Bloomberg.
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