Spain-headquartered bank Santander has formed a Brazil-based accelerator initiative called Radar Santander that will invest in development-stage fintech startups, ZDNet has reported.
The unit, formed with entrepreneurship organisation Endeavor, will consist of a seven-month program in which the startups will work with mentors from both partners. Radar Santander will select five participants from 10 startup pitches.
Startups developing customer relationship management, big data, risk management, payment technology, human resources management and relationship channel services will be prioritised.