BNP Paribas Strengthens FinTech Focus with Anthemis Investment

BNP Paribas has made its first investment into global investment platform, Anthemis, as it looks to strengthen its focus on FinTechs. According to a story in The Trade news, the Global Markets Strategic Investments unit, which invests in high-growth FinTech companies, is being used to make the investment. The move by BNP Paribas is part of the bank’s strategy to partner with technology companies to improve its value chain and the services the bank provides to clients. Originally founded in 2010 with a focus on FinTech and InsurTech, Anthemis has since built a large portfolio of start-ups including social trading and investment platform, eToro, and international online money transfer company, Azimo.