Banco Santander has today announced the launch of Mouro Capital, a new, autonomously managed venture capital fund focused on fintechs and adjacent businesses linked with the financial services industry. Mouro Capital succeeds Santander Innoventures and will have $400 million in allocated funds after the bank doubled its current commitment. 

This initiative will enhance the chances of undergraduates and young professionals in the job market against a backdrop of growing unemployment, especially among people, and accelerated job market transformation because of the Covid-19 pandemic.