Investment in Seed Market

Transfeera is a startup that develops a complete platform for managing and processing payments, receiving payments, and validating bank data. Founded in 2017, the open banking fintech attracted investor interest from the start of its operations and chose Vanzin & Penteado as a partner to mediate the ongoing investment transaction.

Furthermore, given its history with seed funding proposals , the company already had some essential legal instruments in place. Therefore, a preliminary analysis of the Term Sheet was necessary . Following this, the legal structure for formalizing the investment was evaluated, along with the drafting of the Shareholders' Agreement.

In this regard, the assistance of our partners was necessary for the interpretation of the document clauses. This ensured that both parties clearly understood the relationships established in the instrument and the future implications of each provision.

Thus, the scope defined and executed by Vanzin & Penteado was:

• Interpret the clauses of the Contract;
• Develop and interpret the clauses of the Shareholders agreement;
• Present the future consequences of each contractual provision, for the Company and the Founders;
• Point out which contractual provisions were within and outside market practices;
• Assist in negotiating with investors and drafting new contractual clauses;
• Assist in organizing and preparing documents related to Extraordinary General Assembly of capital increase.

First, after analyzing the Contract and the Shareholders' Agreement , the team recorded the recommendations in the documents and presented the feedback to the founders through virtual meetings. Following this, the team delivered the revised document to the investors during a meeting to present the points discussed. Finally, after some exchanges and adjustments to the wording, the parties successfully concluded the negotiation, holding the Extraordinary General Meeting that enabled the investment in Transfeera.

“The timing of the Seed contribution that we received at the end of 2020 was decisive in many factors for Transfeera. We needed a trustworthy legal partner, who would provide a strategic and efficient service. We found Vanzin & Penteado to be a reference, with technical capacity, dedicated team and quality of service. Furthermore, experience with legal terms in the payment method was a crucial differentiator.” – Guilherme Verdasca, CEO of Transfeera.

For a complete understanding of Investment Rounds in Startups, check out the exclusive content developed by the partners at Vanzin & Penteado by clicking here.