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BBVA Shuts In-House Venture Arm, Pours $250M Into New Fintech VC Propel Venture Partners BBVA -- the Spanish banking giant that acquired Simple in the U.S. and last year made a $67 million investment in still-stealth mobile-only bank Atom in the UK -- is changing up how it plans to invest in fintech startups in the future. The company is Read more ... shutting down its in-house venture arm, BBVA Ventures; and it is taking BBVA Ventures' portfolio, the $100 million fund it had allocated to the group, and another $150 million, and putting all of it into a new VC called Propel Venture Partners in San Francisco and London.BBVA will be a limited partner in Propel, a fintech VC that will focus on payments, credit, insurance, wealth management, e-commerce, security and compliance.Propel is not announcing any new investments today alongside those BBVA made in the past, but there is one -- in lending startup Earnest -- which had never been disclosed before but is quietly being made public now. TechCrunch understands that BBVA made ...

UK Mobile-Only Atom Bank Picks Up $128M Led By BBVA, Owner Of Simple In The U.S. All major banks today offer a way for customers to bank online, but this is not stopping a rush of startups emerging to build new, mobile and online-only..

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Ed Sheeran plots fall tour Tuesday morning, Ed Sheeran announced a month-long second leg to his North American tour that will kick off September 3 in Houston, Texas at BBVA...

Bankjoy Is Building A Modern-Day Mobile Banking App For Use By Credit Unions And Smaller Banks Thanks to startups like Simple, which was acquired by financial services organization BBVA last year, banking customers got a look at what a modern-day web..