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

Solana Foundation Launches Financial Developer Platform

Enhancing tools for developers in the blockchain finance space.Highlights: Solana Foundation introduces a new financial developer platform.The platform...
FinTech

Spade Raises $40M to Strengthen Data and AI Platform

The funding will expand Spade's capabilities in data analytics and AI.Highlights: Spade has raised $40 million in Series...
FinTech

New York State Mandates Stores to Accept Cash Payments

New legislation aims to protect cash transactions across the state.Highlights: New law requires New York stores to accept...
FinTech

PRA Issues £2 Million Penalty to Bank of London for Integrity Failures

Regulatory body penalizes the bank due to integrity shortcomings.Highlights: PRA fines Bank of London £2 million for integrity...