Santander InnoVentures, the fintech venture capital fund of Santander Group, today announced its latest portfolio investment in SigFig – a US-based provider of wealth management technology, designed to provide high-quality investment advice to all wealth levels via a combination of design, data science, and technology.

1. 1
Comunicación Externa
Ciudad Grupo Santander, edificio Arrecife, pl. 2
28660 Boadilla del Monte (Madrid) Tel.: +34 91 2895211
comunicacion@gruposantander.com
www.santander.com - Twitter: @bancosantander
Santander InnoVentures completes investment
in leading wealth management technology and
robo-advisory platform SigFig
London, May 24th 2016 – Santander InnoVentures, the fintech venture capital fund of
Santander Group, today announced its latest portfolio investment in SigFig – a US-based
provider of wealth management technology, designed to provide high-quality investment
advice to all wealth levels via a combination of design, data science, and technology.
Santander InnoVentures is participating in this financing round alongside a number of
leading, major financial institutions including Comerica, Eaton Vance, New York Life, as well
as UBS and top-tier venture capital firms Bain Capital Ventures, DCM, Nyca Partners, and
Union Square Capital Ventures. SigFig will use this most recent injection of capital for a major
expansion of its team and platform as it scales its enterprise strategy of building investment
technology for a wide range of financial institutions.
Mariano Belinky, Managing Partner at Santander InnoVentures, said: “The ongoing need for
affordable, accessible financial advice continues to be an area of focus for the investment
industry. SigFig is at the forefront of tackling this need, providing enterprise-level wealth
management technology that is secure, scalable and compliant – tailored to firms' unique
corporate strategies and individual client needs.”
Belinky continued, “We share a common vision with Mike Sha and the SigFig team, one that
extends beyond traditional wealth management, to embracing the challenge of bringing an
understanding of financial well-being to every individual. We hope to be able to now
collaborate with the aim of ultimately bringing their platform to serve Santander’s 122
million customers.”
In line with all Santander InnoVentures investments, the partnership with SigFig goes beyond
traditional VC involvement – providing capital as well as access to the scale and expertise of
Santander as a global financial institution, operating in 10 core markets in Europe and the
Americas.
This latest investment is Santander InnoVentures’ first in the investment advisory space – a
key vertical segment for the fund. For more information on previous Santander
NEWS

2. 2
Comunicación Externa
Ciudad Grupo Santander, edificio Arrecife, pl. 2
28660 Boadilla del Monte (Madrid) Tel.: +34 91 2895211
comunicacion@gruposantander.com
www.santander.com - Twitter: @bancosantander
InnoVentures investments, and the strategic investment philosophy behind the fund, please
visit http://santanderinnoventures.com
Santander InnoVentures is a fintech venture capital fund fully-owned by Grupo Santander. The
fund is stage-agnostic and invests both capital and resources in companies globally. It focuses
on startups that can increase the value proposition to Santander customers across the Group’s
10 core markets, while creating value for the companies it invests in.
The Fintech 2.0 Paper is a call to action for both banks and fintechs to consider the multi-
billion dollar opportunities available through partnership. Download it here