ABN AMRO collaborates with Motive Partners

As funding in the financial services industry declined by 70% between 2021 and 2022, with numerous venture capitalists reducing their investment programmes, Motive Partners and ABN AMRO aim to introduce a new course. Their collaboration unites two venture platforms with the goal of strengthening the fintech sector and increasing innovation by merging Motive Partners’ ecosystem and team with the AAV portfolio and ABN AMRO’s broader network. Motive Ventures’ portfolio currently includes 21 investments in seed and series A stage companies, across the US and Europe.

Furthermore, the partnership was formed on two pillars, the first one including Motive Ventures operating AAV with EUR 150 million in assets under management. The second component of the collaboration refers to ABN AMRO becoming an investor in Motive-managed vehicles. The investment highlights ABN AMRO’s commitment to exploring new frontiers in fintech innovation.

According to ABN AMRO’s officials, the collaboration with Motive Partners supports the company’s purpose of becoming a personal bank in the digital age for their customers. The strategic partnership is projected to close in the last quarter of 2023, with representatives from both companies joining the team by the end of the year.

With offices in New York City, London, and Berlin, Motive Partners focuses on venture, growth equity, and buyout investments in technology-enabled financial and business services companies based in North America and Europe. The company serves five primary subsectors, including banking and payments, capital markets, data and analytics, investment management, and insurance.

In August 2023, Splitit secured a USD 50 million growth commitment from Motive Partners. Reportedly, the company aims to use the funding to accelerate its expansion and to facilitate the execution of its strategic plan. The total amount wat set to be divided into two USD 25 million tranches in exchange for the issuance of new preference shares. 

As a bank for retail, corporate, and private banking clients, ABN AMRO provides its services in Northwest Europe and aims to enable the transition to a sustainable society. Back in March 2023, Infosys Finacle partnered with the company to implement the Infosys Finacle Liquidity Management solution for the bank’s corporate clients. The deal allows ABN AMRO’s corporate users to use a wider range of services in order to identify, manage, and enhance liquidity positions in a more efficient and secure manner.

Moreover, ABN AMRO introduced a new page on its website in February 2023, aiming to improve financial access for non-profit organisations. The additional page explains the various risk elements analysed by banks, including independent governance, political activities, and cash flow visibility. 

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