Fliper was founded in 2017 by Felipe Bonani, Renan Georges, and Walter Poladian to facilitate investment management. The company’s platform, launched in October 2018, allows users to manage multiple investments in several financial institutions, compare the performance of portfolios, monitor the evolution of assets,and access news about the market.
Currently, Fliper has more than 60,000 users and over $1.3B (R$7B) of mapped assets. This acquisition creates opportunities for business growth.
“We have a lot of synergy and a huge potential to accelerate our growth in the coming years. We made a point of guaranteeing contractual independence of management so that our users are sure that we will work in the same way for all partner financial institutions,” said Georges.
XP has more than 2M customers and about $64B (R$366B) of assets under custody. For XP, the deal is a way to accelerate the open banking movement in Brazil and offer its customers a new tool to manage their investments.
“Fliper exponentially complements our service ecosystem by delivering additional value generation to all of its users, who in many cases still have accounts with several financial institutions,” said Gabriel Leal, a Partner at XP.
Read more on Exame