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    Reference: 20160902
    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Sweden Services