Vermiculus opens new office in Umeå to support continued growth

New location in one of the strongest fintech hubs in the Nordics strengthens Vermiculus’ capacity to meet global demand.

Umeå, November 6, 2024, Vermiculus, a global provider of trading, clearing, and CSD technology, is growing rapidly and is pleased to announce the opening of its new office in the university town Umeå, in Northern Sweden.

“We are so excited to welcome our first colleagues to the Umeå office and this marks another new milestone for Vermiculus. I am looking forward to the journey ahead with our growing team in Umeå and to work so closely with many brilliant minds,” said Nils-Robert Persson, Chairman of Vermiculus.

Recruitment for the Umeå office has already begun and will continue to grow during the end of 2024 and 2025.

“This expansion marks a significant step in the company’s continued growth strategy and the new office will be an integrated part of Vermiculus’ core operations and manage both customer projects as well as product development.” comments Taraneh Derayati, CEO of Vermiculus and continues: “The Umeå office offers specialized expertise in trade and post-trade, along with strong competence in many fields, from IT to finance.”

Vermiculus, which achieved in 2023 a net sale of SEK 97 million and saw an almost 50 % increase in its workforce, is continuing its rapid expansion.

For more information about our new office, job openings or to schedule a visit, please send an email to Henrik Rouet-Leduc at henrik.rouet-leduc@vermiculus.se.

Chairman Nils-Robert Persson and CEO Taraneh Derayati

About Vermiculus Financial Technology

Vermiculus Financial Technology AB provides cutting-edge trading, clearing, and CSD solutions to market participants around the world. Vermiculus’ solutions are the first to bring state-of-the-art advances in dynamic microservice architecture together with vast experience in exchange, clearing house, and CSD business requirements.

Vermiculus’ solutions radically improve robustness, quality, and flexibility by utilizing AI-driven microservices, and can achieve superior environmental performance, elastic scalability, and cost-efficiency through cloud-based deployment.

The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses, and CSDs. With its headquarters in Stockholm, Sweden, Vermiculus consists of hand-picked teams, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 75+ projects for the world’s largest exchanges, clearing houses, and CSDs.