Intesa Sanpaolo Invests in Fintech Startup Oval Money
June 18 2018 - 06:28AM
Dow Jones News
By Nathan Allen
Intesa Sanpaolo SpA (ISP.MI) said Monday it has invested in
financial-technology startup Oval Money's series A financing
round.
Oval produces an app that helps users manage and invest their
savings, Intesa said.
Intesa said it plans to start a partnership between Oval Money
and its Banca 5 retail-banking subsidiary.
Neither party disclosed financial details of the
transaction.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
June 18, 2018 07:13 ET (11:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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