Vórtx Secures $35 Million (USD) Growth Equity Investment from FTV Capital
Summary
“The financial markets back office has always been bureaucratic and not as technologically advanced as it could be in Brazil,” said Juliano Cornacchia, Vortx CEO and co-founder. “Vortx is effectively utilizing technology to improve service quality and to enhance operational efficiency, setting itself apart from its peers. Additionally, Vortx recently announced an investment in the global fintech Parfin, expanding its presence in the crypto asset market. Kyle Griswold and Brent Fierro led the investment for FTV Capital and will collaborate with the Vortx management team to drive growth. Currently, the company has more than R$ 125 billion of assets under custody and has a team of more than 150 employees acting as fund administrator, custodian, bookkeeper and fiduciary agent, with a strong and rising presence in Funds Trust, leading the Corporate Trust segment and technology applied tools for the capital market.