London-based Santander InnoVentures has launched a $15,000 challenge to find the best startups using distributed ledger technologies like blockchain in financial services.
The VC arm of Santander has partnered with Onevest, operators of the online entrepreneur community CoFoundersLab and the 1000 Angels investor network, to find fintech startups working to improve banking operations and processes.
These could include mortgage processing, trade finance and asset leasing, the company said.
Shortlisted companies will be invited to present their ideas in New York in January.
The winner will get access to experts from Santander, as well as presenting to Onevest’s 1000 Angels investor network for ongoing funding.
“The financial industry’s processes are ripe for improvement and our investor community has an appetite to help startups in that space,” said Alejandro Cremades, cofounder and executive chairman at Onevest.
“We look forward to fostering innovation in partnership with one of the most powerful players in the fintech space.”
Enter here.