ING spins out FinTech platform

ING will spin out its bond analytics platform Katana as a separate entity.

In Brief:

• Katana uses machine learning to scan the bond market, keeping investors informed.

• It’s the latest startup to graduate from ING’s FinTech incubation labs.

• Two previous graduates include Cobase and Yolt.

What does this mean?

The business began as a prototype in 2018 – spinning it out will involve a further investment of £1.5mn by ING, with a funding round totalling £3mn.

Read more here.