HSBC invests in data privacy startup

June 23, 2020 | Investment

Written by FinTech Alliance

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HSBC invests in data privacy startup

Privitar, a UK-based data privacy startup, has raised $80mn Series C funding.

In Brief:

  • HSBC invested $7mn.

  • Other investors included Warburg Pincus, ABN Amro Ventures, Accel, Partech, IQ Capital and Salesforce Ventures.

  • Privitar helps banks make the most of Big Data while keeping customer information secure.

 

What does this mean?

HSBC has already been a client of Privitar’s for four years, but this is the first time it has invested in the startup. Privitar has helped HSBC develop approaches to combat money laundering – but now it’s expanding its use to other areas.

 

Read more here.

 

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