Torq, brazo de venture capital de tecnológica Evertec, abrirá en Chile
Since transitioning from an innovation center to a venture capital firm, Torq has engaged in financing tech startups, focusing on fintech, AI, and cybersecurity.
Over the past six years, Torq has advised banking and financial institutions on leveraging new technologies and product creation, including the development of a digital currency in Brazil. Its investment approach targets financial market companies at early stages, with plans to support more mature startups with investments starting from $5 million in Brazil.
Following the strategic acquisition of Sinqia, Evertec has mapped out a regional expansion for Torq, starting with Chile due to its mature innovation ecosystem and significant market opportunities, especially in fintech following the recent Fintech Law.
Torq has laid groundwork through partnerships with local players like ChilePay and Start-Up Chile, and plans to officially launch its operations with a soft-launch in June followed by a formal introduction in August.
