Mouro Capital is a spin-out from Banco Santander's fintech fund that operates as an independent VC with $400 million focused exclusively on financial services, inheriting a track record from early investments in companies like Ripple and Kabbage. The fund is designed to be entrepreneur-aligned rather than serving as a strategic window for the bank, allowing it to back companies that compete with banking while optionally leveraging Santander's global footprint as a distribution channel for portfolio companies.
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