Miami-based Trivest Partners LP, a U.S. private equity firm, has invested in Veritran Inc., a global fintech low-code platform provider.
Veritran offers as mobile banking, digital wallet, among others services, to enable their clients to meet the complex needs of their end users.
The investment comes from Trivest’s Growth Investment Fund II, a non-control and growth equity strategy led by partner Jamie Elias.
“Our partnership with Veritran is indicative of the global reach of Trivest’s founder-focused and friendly approach,” Elias said.
“From my first interaction with Marcelo and the Veritran team, it was clear that they had built a unique platform to support ever increasing mobile and web-based enterprise needs,” said Mario Masrieh, principal at Trivest Partners. “TGIF is excited to be partners as the Company continues to further enhance their software offerings and consolidate their expansion into new geographies.”
Veritran CEO Marcelo González said, “Today marks a major milestone for Veritran’s team, as we embark upon a new chapter of becoming the next FinTech unicorn, while continuing to democratize access to the digital economy. We are confident that Trivest’s resources and deep experience supporting founder-owned businesses will allow us to consolidate our growth into new geographies and reach new customers while hiring and retaining the best talent.”