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Vinci Partners Impact And Return Strategy Announces Investment In Dm Card

Feb 21, 2022almost 4 years ago

Description

Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners”, “we”, “us” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today that “Vinci Impacto e Retorno IV”, or “VIR IV” (“the Fund”), the Impact family of funds managed by Vinci Partners’ Private Equity strategy, entered an agreement to invest a R$ 100 million in an investment round for the acquisition of a minority stake in DM Card (“DM” or “the Company”), a fintech focused on credit to low income population and one of the main Private Label card issuers to retailers in Brazil.

Company Information

Company

Dm Card

About

DM Card was founded in 2002, focusing on Private Label credit card.