With this acquisition, the company expands its offer of products and services and strengthens its leadership position in the technology segment for the financial sector.
Dimensa, a TOTVS group company that offers technology to financial institutions and which has B3 – Brasil, Bolsa, Balcão – as a partner, announces the acquisition of 100% of the share capital of the startup InovaMind Tech for R$23.5 million. The move is in line with the company's strategy of focusing on acquisitions to expand its portfolio and strengthen its presence in the financial market.
InovaMind Tech offers artificial intelligence and big data solutions for companies of all sizes. Through data analysis and enrichment, machine learning and automation of document capture processes, the company creates digital products and services for onboarding, identity validation, background check and risk management with a focus on fraud mitigation. With around 30 employees and 40 customers, InovaMind achieved annualized gross revenue of approximately R$11 million at the end of 2021.
“The financial sector, like other markets in Brazil and around the world, is undergoing an accelerated process of transformation and digitalization. Dimensa's role is to deliver technology solutions that help companies in the sector on this journey. Products with artificial intelligence and big data have become crucial for offering more customized financial solutions, a growing demand from our clients' clients”, says Denis Piovezan, CEO of Dimensa.
Dimensa offers a broad portfolio that includes the largest platform for processing and controlling middle and back offices of investment funds in the country, a core banking platform for processing small and medium-sized banks' financial products, in addition to a processing and management for private label card administrators.