BBVA provides €10 million to fund BizAway's purchase of Dutch Uniglobe Alliance Travel

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BBVA has given BizAway €10 million in financing to help it buy Uniglobe Alliance Travel, a Dutch corporate travel company. BizAway wants more clients in Belgium, the Netherlands and Luxembourg, and the European Union and the European Investment Fund back the deal through InvestEU. So a Spanish bank, with European help, is financing a company founded across Italy and Spain to buy a Dutch one, which is roughly how the single market is meant to work.

Founded in 2015, BizAway sells booking software and round-the-clock support for business trips to more than 2,000 companies in Europe and the Middle East.