ING will spin out its bond analytics platform Katana as a separate entity.
In Brief:
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Katana uses machine learning to scan the bond market, keeping investors informed.
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It’s the latest startup to graduate from ING’s FinTech incubation labs.
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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.