Italy’s largest investment bank pledges to back UK fintech startups

London-based startup accelerator Founders Factory has gained a new partner in the form of Mediobanca. The Milan-based investment bank is looking to increase its presence in the UK, and has pledged €12mn to the joint venture.  Specifically, Mediobanca will be looking to back as many as 35 fintech startups that focus on technologies such as blockchain and artificial intelligence over the coming five years. However, it will also include early stage fintech startups in other parts of Europe.  Founders Factory, co-founded by Brent Hoberman, Henry Lane Fox, and George Northcott in 2015, has thus far supported over 300 companies globally…

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