Truist Financial Corporation (NYSE: TFC), a Charlotte, N.C.-based purpose-driven financial services company, launched its corporate venture capital division.
Truist Ventures is a corporate venture capital division created by integrating investments in technology companies from the heritage SunTrust brand with BB&T Ventures.
The firm is focusing on strategic partnerships and investments to bring novel solutions to Truist clients and deliver on the company’s purpose to inspire and build better lives and communities. Its investment focus stretches beyond traditional financial technology into disruptive technologies that enable Truist to deliver a human touch in new ways. It seeks companies that have the potential to help redefine financial services and improve financial outcomes for Truist clients.
Truist has appointed Vanessa Indriolo Vreeland, a seasoned executive with more than 20 years of private equity, venture capital and banking experience, to lead Truist Ventures.
Truist Ventures is leading the latest funding round for global payments network Veem, which gives small- and medium-sized businesses a multi-rail technology system that allows for seamless global payments.