RIO DE JANEIRO, BRAZIL - Brasilia-based Banco do Brasil (BB), the oldest bank in Brazil and one of the oldest globally, is interested in investing in innovative business models by 2022. To do so, it will advance its strategy of participating in startups.
Banco do Brasil is controlled by the Brazilian government, although, is listed at the B3 in São Paulo.
The BB's venture capital program (funds that buy stakes in companies) is being structured to have two funds totaling R$200 (US$36) million.
The focus of Banco do Brasil will be on very new companies in . . .