XP Inc acquires stake in Fliper
XP Inc., a technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced the acquisition of a majority ownership stake in Fliper, an automated investment consolidation platform that offers its users connectivity and tools to perform intuitive and intelligent financial self-management. The transaction allows XP Inc. to offer its customers additional resources to manage their investments, as the open banking trend continues to accelerate in Brazil.
Fliper’s founders (Felipe Bonani, Renan Georges and Walter Poladian) remain stakeholders in the company and maintain full independence to manage the business with the support of XP Inc.’s structure – security, technology, back-office and marketing – to drive sustainable growth.
Fliper was founded in 2017 with the purpose of transforming its users’ relationship with personal finance, providing a single view of their investments across several financial institutions, allowing automatic consolidation, comparison of portfolio performance and monitoring of the evolution of assets. Fliper has over R$7 billion of mapped assets on its platform and sees the potential to surpass 5 million users in the coming years.