Truist Unveils Venture Capital Division with New Fintech Investment

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CHARLOTTE, N.C., Sept. 16, 2020 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced the launch of Truist Ventures, a corporate venture capital division created by integrating investments in technology companies from the heritage SunTrust brand with BB&T Ventures. The firm, which also is announcing its latest deal with global payments network Veem, 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.
“Truist Ventures positions us at the forefront in shaping the future of finance,” said Truist Chief Digital and Client Experience Officer Dontá Wilson. “There are many innovative entrepreneurs creating amazing technologies with the potential to transform how people interact with their finances. Strategic partnerships and investments in innovative founders and companies help Truist deliver on our differentiating strategy of combining the right mix of human touch and technology to create experiences that help our clients, teammates and communities thrive.”
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.
“We are a different kind of venture firm. As the venture capital division of the …

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