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

Salmon Strengthens Fundraising for Philippines Expansion

Fintech company Salmon secures new funding to enhance its operations in the Philippines.Highlights: Salmon raises significant funds to...
FinTech

Truist Pilots Zelle Bill Payments, Strengthening Digital Banking Services

New pilot program aims to simplify bill payments through Zelle for customers.Highlights: Truist launches pilot program for Zelle...
FinTech

ACI Worldwide Strengthens Payment Solutions with Cloud-Native Platform

New platform enhances support for eight U.S. payment networks.Highlights: ACI Worldwide launches a cloud-native payment platform.The platform supports...
FinTech

LendingClub Rebrands as Happen Bank, Strengthens Digital Banking Services

The transformation aims to enhance customer engagement and streamline services.Highlights: LendingClub officially rebrands to Happen Bank.The rebrand focuses...