Entrepreneurship & Startups

BBVA has provided £15m in venture debt to Plum, a British personal finance app. The deal will help Plum expand and scale, and reflects BBVA’s growing commitment to the UK as Europe's leading hub for entrepreneurship and venture capital.

The winners of the 18th Türkiye’s Women Entrepreneurs Competition, organized by Garanti BBVA alongside Ekonomist magazine and the Women Entrepreneurs Association of Türkiye (KAGİDER), have just been announced at an award ceremony held on February 27.

Photo cover: Garanti BBVA CEO Mahmut Akten and Özlem Kahramaner, Türkiye's female entrepreneur of the year.

BBVA Spark signed a €30 million financing agreement with MytripleA, the alternative financing platform with working capital solutions for businesses. The agreement aims to boost the platform’s growth and allow it to continue developing new products for customers and investors.

Header photo: From left to right: Jorge Antón and Sergio Antón, co-founders at MytripleA, and Miguel Ángel Alcalá, head of BBVA Spark Spain.

Exoticca, a leading company in the digitization of high-value travel, has secured a new €25 million financing agreement with BBVA Spark. This debt agreement, which builds on the €4 million agreement signed with BBVA Spark last year, will support the company's international expansion and drive its investment in technology.

Three micro-entrepreneurs running small cocoa farming businesses were the stars of ‘Seeds for a sustainable future’, an event organized by the BBVA Microfinance Foundation under the presidency of Queen Letizia of Spain. The Queen, who underlined the Foundation’s invaluable work in supporting the progress of millions of people, was accompanied by BBVA Chair Carlos Torres Vila and by renowned pastry chef Jordi Roca.

Casafari, one of Europe’s most prominent real estate software platforms, has signed a €5 million venture debt deal with BBVA Spark. It is BBVA’s first financing arrangement with tech firms in Portugal. The agreement benefits from the support of the European Union and the European Investment Fund under the InvestEU Fund program.

BBVA Chair Carlos Torres Vila participated on Thursday in a new edition of the BBVA Spark Summit in Barcelona, where he made a commitment, in front of more than 400 tech companies and investors, to continue promoting Catalonia as a key center of innovation and entrepreneurship. In this regard, he emphasized that the integration with Banco Sabadell aims to build “a stronger, more competitive and more profitable bank” that provides the support that entrepreneurs and businesses in general need. He also underscored the potential of Catalonia, and Barcelona in particular, as an innovation hub, attracting investors, businesses and talent.

Garanti BBVA, Türkiye’s leading digital bank, is all set to stage ‘Istanbul Venture Day’ to support the startup ecosystem and help ramp up innovative fintech solutions. The event will be held at the Salt Galata center on October 24 and is being organized alongside IE University in Spain, with the close support of the Spanish and Italian consulates. It is essentially the Istanbul leg of the ‘Venture Day’ series being held by IE University ahead of the wider Global South Summit.

The Global Startup Awards (GSA), one of the most prestigious events for independent startups, will be held in Türkiye for the first time on September 24-25. With Garanti BBVA as the lead sponsor, GSA aims to recognize innovative startups in the Turkish entrepreneurship ecosystem, while bringing together a large community of entrepreneurs, investors, VCs, thought leaders, industry benchmarks, ecosystem partners, and other key stakeholders.

Garanti BBVA, alongside the Women Entrepreneurs Association of Türkiye (KAGİDER) and Ekonomist, a leading business magazine, is organizing the 18th Women Entrepreneur Competition in Türkiye. Candidates hoping to inspire other women with their success stories have until November 15, 2024 to submit their entries by filling out the form available at www.garantibbvakadingirisimci.com.

Building a business is not easy, yet it happens to be one of the most important decisions in life that many people will ever make. And while we generally talk about challenges in this process, such as the availability of capital, the macroeconomic climate of a country, cash flow management or registration and licensing, little is said about one of the biggest challenges: mental health care.

Garanti BBVA, in its role as a supporter of startup growth and investment, has revealed the latest cohort of startups joining its renowned Garanti BBVA Partners Tech Program.

Exoticca, a leading company in the digitization of big-ticket travel, has announced the signing of a €4 million finance agreement with BBVA Spark. This loan agreement will facilitate the company's expansion in Latin America. The financing is supported by the European Union and the European Investment Fund under the InvestEU Fund program.

Türkiye’s 17th Women Entrepreneur Awards, organized by Garanti BBVA alongside ‘The Ekonomist’ and the Women Entrepreneurs Association of Türkiye (KAGIDER) was recently held on February 27, 2024.

The bank is sponsoring the fifth edition of the Energy Tech Summit, which will be held in Bilbao for the first time on April 10th and 11th, 2024.

BBVA Spark, the bank for high-growth companies, has arranged a €15 million 'Venture Debt' facility for Cabify, the Spanish mobility company, which was launched 12 years ago in Madrid and became Spain's first unicorn in 2018. The proceeds will go toward fast-tracking the execution of Cabify's strategic plan, which focuses on boosting sustainable and affordable urban mobility.

Entrepreneurs with promising business ideas in data, cyber security, payment systems or sustainability may now seek support under the Garanti BBVA Partners Tech Program (https://www.garantibbvapartners.com), with applications to be received by January 31, 2024.

Garanti BBVA and the Women Entrepreneurs Association of Türkiye (KAGIDER) commemorated the 100th anniversary of the Republic of Türkiye at the Women Entrepreneurs of the Year Summit.

BBVA Spark is the financial ally of high-impact companies and the partner of reference for the entire ecosystem of entrepreneurs. This unit, already present in Mexico, Spain and Colombia, will expand to the rest of the South American countries.

This pioneering initiative by Garanti BBVA will see this year a new category, ‘Women’s Cooperative of Türkiye’, aiming to recognize women’s efforts through cooperatives. Candidates may apply by filling out the form at www.garantibbvakadingirisimci.com until November 15, 2023.

BBVA Chair Carlos Torres Vila concluded the sixth edition of BBVA Open Summit, the annual entrepreneurship event, recalling the bank’s commitment to innovation. “BBVA has 600 million committed to various venture capital funds. The recent focus of these investments is on driving decarbonization and the development of innovative entrepreneurship in our main markets. Both areas make strategic sense for BBVA, to incorporate new knowledge into the Group and to support the companies we want to be our customers,” said Torres Vila at the closing of the event.

All ventures are born from a clever idea, but not all new ideas end up becoming new companies. In addition to creativity, in order to materialize a business idea, it is essential to obtain financing, visibility and investors. Startup incubators are entities that offer entrepreneurs guidance, training and resources to materialize their project.

The European Investment Fund (EIF) and BBVA are set to make it easier for startups with innovative and sustainable value propositions to get access to financing. The two institutions have concluded an agreement under the InvestEU guarantee programme whereby the EIF will grant a €200 million guarantee to enable BBVA Spark (BBVA’s specialised startup initiative) to strengthen its support for startups, helping them with their expansion plans.

BBVA Spark, the new unit that caters to the entrepreneurial ecosystem, has widened the scope of its activities by welcoming a new member to its ranks: BBVA Open Innovation, an end-to-end value proposition encompassing financial products, connection to innovation hubs and access to leading investors.

From the former headquarters of BBVA in Bilbao, the B Accelerator Tower entrepreneurship centre serves as a meeting point for financial institutions, entrepreneurs and investors. A space for conceiving the services and solutions of the future that does not forget its past: the walls of the Torre Bizkaia bear witness to the innovation of the last few decades.

The BBVA Turkish unit will offer the first online training session for the Women Entrepreneurs Academy of Türkiye, in collaboration with Boğaziçi University Lifelong Education Center (BÜYEM).

Several innovation hubs across Latin America paint a picture of a bubbling but unevenly distributed entrepreneurial landscape: Brazil's biggest city accumulates a growing number of unicorns, while Lima is trying to carve out a niche for itself. With sectors such as fintech and e-commerce leading innovation and growing support from investors, Latin America is putting on a strong show on the international stage.

Anxiety, stress or fatigue are some of the problems that startup creators often face. Summer can be a good time to focus on how important it is to protect your emotional wellbeing and strike a balance before getting back to the routine. Learning to manage failure, knowing how to delegate and enjoying time to disconnect are some of the things that experts recommend for taking care of mental health.

BBVA recently presented BBVA Spark, its full financial services proposition for innovative, high growth companies in their different stages of growth. Spark provides these companies with all their financial needs within the same place, and gives them access to sophisticated financing products, such as venture debt and growth loans. To do so, BBVA Spark will offer them a unique relationship management model with a team of experts who speak their language.

During the closing day of South Summit, BBVA revealed that it is preparing a complete range of financial services adapted to the different stages of growth of startups and scaleups. “We want to be the bank for high-growth companies and finance them,” said Roberto Albaladejo, Head of Banking for Growth Companies, who added that there is a “great opportunity” to help them and build “long-term relationships” with them.