Webrock Ventures AB has sold all its shares in Finanzero Brazil AB for 12 million SEK, reallocating capital to enhance growth in its prioritized investments.

Target Information

Webrock Ventures AB ("Webrock" or "the Company") has announced the sale of all its shares in Finanzero Brazil AB ("Finanzero") for a cash consideration of 12 million SEK. This transaction is expected to enhance Webrock's financial position and ensure working capital for the continued development of its prioritized holdings. All conditions for the transaction have been fulfilled, and the deal has been finalized as of today.

Industry Overview in Brazil

Brazil's financial services sector, particularly in the fintech industry, has been experiencing rapid growth, driven by increased digitalization and a rising demand for more accessible financial products. The rise of innovative financial technology firms has transformed traditional banking models, providing consumers and businesses with diverse options for financial services.

Finanzero, as part of this dynamic landscape, has been working to address the financial needs of underserved segments, emphasizing the importance of scalable