BankingBusiness

L4 venture builder: Takes mintority stake in Vermiculus

L4 venture builder: Takes mintority stake in Vermiculus

  • L4 Venture Builder, an independent investment fund with capital for investments in the ecosystems of innovation
  • Entrepreneurship will take a minority stake in Vermiculus Financial Technology
  • Both sides have signed an agreement defining the terms of the investment which will include a transaction of USD 5,55 million
  • Founded in 2022, with committed capital of R$ 600million by B3 S.A. – Brasil, Bolsa, Balcão (B3)
  • The purpose of the investment fund is to empower entrepreneurs by bringing technology
  • Vermiculus has since established itself as a key player in the market through its focus on innovation
Previous article
Lumos Diagnostics: Secures $8.89m funding through Hologic
Next article
Nice Actimize: Launches real-time money mule detection software
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Talos and Nasdaq Strengthen On-Chain and Off-Chain Collateral Workflow

New partnership enhances digital asset handling and collateral management.Highlights: Talos and Nasdaq collaborate to streamline collateral workflows.Partnership aims...
FinTech

FCA Restricts Use of Sensitive Data in AI Trial with Palantir

Regulatory concerns arise over data handling protocols in AI trials.Highlights: FCA criticized for using sensitive data in AI...
FinTech

Bank of Ireland Strengthens AI Readiness for Staff Training

New initiatives prepare employees for an AI-driven banking landscape.Highlights: Bank of Ireland launches AI training initiatives for staff.Employees...
FinTech

MAS Develops AI Risk Management Toolkit to Strengthen Financial Sector

New toolkit aims to enhance risk management within Singapore's finance industry.Highlights: MAS launches an AI Risk Management Toolkit...