Release date: 24 January 2017
Promoter – Financial Intermediary
Innovative midcap (financial technology company)Location
Description
The project will support research and development of innovative financial and digital services offered by a financial technology company with RDI staff and activities based in the EU.
Objectives
The project supports a European promoter in its efforts to foster its competitive position by investing in RDI and therefore contributes to the targets of the Europe 2020 strategy.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 81 million
Environmental aspects
The investments will concern RDI activities most likely within existing facilities. Therefore, it is unlikely that the project will fall under Annex I or II of Directive 2011/92/EU as amended. Nevertheless, the environmental details including environmental objectives of the RDI programme will be assessed during the appraisal.
Procurement
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.
Status
Signed - 4/08/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).