BBVA Spark is a undertaking by the financial institution aimed toward aiding high-growth companies with the agility and adaptability they should obtain success. It started in Spain and Mexico and has now landed in Argentina.

With the arrival of BBVA Spark within the South American nation, Argentine startups could have a complete proposition of monetary companies, specialised assist, and entry to the sector’s ecosystem.

“With BBVA Spark, we want to support the Argentine technological ecosystem, a sector that demonstrates daily that innovation and the ambition to overcome all kinds of challenges are in its DNA,” emphasised Juan Kindt, Business Development Director of BBVA in Argentina.

On the opposite hand, Martín Zarich, Country Manager of BBVA in Argentina, said that it is a very particular second for BBVA, because it represents a really important dedication by the Group globally, current in varied nations.

“BBVA Spark is our commitment to entrepreneurship in Argentina,” Zarich stated throughout the launch occasion.

“We are building the best banking for high-growth companies, and one of our main geographies is South America. The opening in Argentina is a fundamental piece of our regional strategy,” defined the worldwide head of BBVA Spark, Roberto Albaladejo.

The BBVA Spark initiative has an in depth vary of monetary services and products for startups and scaleups, tailor-made to their wants primarily based on their progress stage, together with:

• -Flexible and tailor-made financing, together with enterprise debt and progress loans.
• -Comprehensive banking choices, together with present accounts, playing cards, loans, insurance coverage, and factoring.
• -Specialized assist with a crew of consultants within the expertise sector.
• -Access to the ecosystem, with connections to buyers, accelerators, and different stakeholders within the sector.

“The arrival of BBVA Spark in Argentina is a significant milestone for the country’s technological ecosystem. The initiative offers Argentine startups a unique opportunity to access specialized financing and financial services, which will help them grow and scale their business,” stated the Group in a press release.

Currently, BBVA Spark works with greater than 600 high-growth expertise corporations globally. The initiative has granted over 200 million euros in credit and invested over 600 million euros in enterprise capital funds.