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Everything You Wanted to Know About FinTech at MWC 2016 in Barcelona

One of the most prominent events of 2016 – Mobile World Congress in Barcelona – has gathered more than 90,000 visitors from around the world to see and talk about the latest trends, technology and innovative solutions in mobile.

CEOs and senior executives from the banking industry and tech giants including BBVA, Ericsson, Huawei, Intel, Klarna, MasterCard, Mozilla Foundation, Nokia, Orange, Qualcomm, SAP, Visa, Vodafone and many others also participated in the keynote program.

While the most news we have seen so far from the congress is about consumer electronics and mobile, there are certainly a few interesting announcements from FinTech segments that we couldn’t miss.

Nokia, one of the oldest consumer electronics companies that went through significant changes in the last decade, has announced a new 350-million-dollar fund of its proprietary VC firm Nokia Growth Partners. The fund is backed exclusively by Nokia and focuses specifically on IoT.

Announcing the fund, Nokia’s CEO Rajeev Suri said, We are launching a $350-million IoT investment fund through Nokia Growth Partners. Our goal is to help accelerate the broad IoT ecosystem, increase the demand for connectivity and generate returns from investments in compelling opportunities.

The fund will invest in promising companies primarily around Connected Enterprise, Consumer Solutions, Connected Car and Digital Health as well as enabling technologies with a focus on capabilities in big data and analytics, NGP said in a statement.

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