XP is set to acquire a majority interest in automated investment consolidation platform, Fliper, for an undisclosed amount.
“The solution will allow us to improve the experience of our clients, who in many cases have accounts with more than one financial institution. Our intention is that XP Inc. customers consolidate all their investments and services within the group's platforms. We are confident that with even more transparency and the ability to compare the quality of products, this migration will continue.”
Gabriel Leal, XP’s Commercial Director
The purchase is still subject to regulatory approval by the Brazilian Central Bank.