SÃO PAULO, Brazil, June 30, 2020 (GLOBE NEWSWIRE) — XP Inc. (Nasdaq: XP), a number one, technology-driven monetary companies platform and a trusted supplier of low-fee monetary services and products in Brazil, introduced the acquisition of a majority stake in Antecipa. Created as a digital platform for the financing of receivables, Antecipa’s central goal is to supply an environment friendly different for firms to optimize cash stream administration. For XP Inc., the acquisition represents a chance to additional develop its product vary and reinforce the corporate’s presence within the Small to Medium Enterprise (SME) and company segments in Brazil, much like XP’s transformational initiatives throughout the Retail, Excessive-Earnings and Non-public Market channels.
Antecipa’s founders will preserve independence in managing the enterprise, and leverage XP’s construction, monetary power and, primarily, the corporate’s buyer base to speed up development throughout the platform.
By means of its platform, Antecipa integrates patrons and suppliers, enabling credit score transactions between firms and not using a bank serving as an middleman, thereby eradicating the banking unfold and minimizing associated prices. The corporate dynamically determines the low cost fee for every transaction, minimizing inefficiencies of present programs. Therefore, via proprietary algorithms, the platform focuses on optimizing cash flows by in search of a good price for every transaction and an agile and clever course of for the disbursement of assets to suppliers.
Though Antecipa operates in a market with current suppliers, there stays a sequence of inefficiencies that may be minimized. In line with Bruno Constantino, XP Inc.’s CFO, getting into this section at a time when firms must optimize value buildings and assist suppliers, presents an vital alternative for XP to collaborate with companions to drive a faster financial restoration. “Historically, the largest financial institutions have maintained the balance of power with companies in this market. We aim to reduce concentration by promoting a more agile, transparent and innovative alternative for our customers. Together with Antecipa, we intend to leverage our expertise to combine different financing alternatives for companies to optimize cash management, and at the same time accelerate the development of the Brazilian capital markets, bringing more products through our ecosystem.”
“Supply chain financing has traditionally been offered by banks in Brazil, but often in combination with other less-attractive types of financing. Our decision to partner with XP aligns with our client-centric approach. Antecipa’s digital platform is focused on optimizing cash cycles across production chains. With XP’s support, structure and credibility we believe we can maximize our growth prospects,” commented Camilo Telles, accomplice at Antecipa.
“When we invested in Antecipa, we were confident that with its innovative model and an experienced entrepreneurial management the company would be able to transform the receivables financing market in Brazil. XP’s acquisition reinforces the investment thesis and provides Antecipa with additional growth opportunities,” mentioned Rodrigo Baer, accomplice at Redpoint eventures, which participated in Antecipa’s preliminary financing spherical.
The completion of the transaction is topic to compliance with sure situation precedents, together with prior authorization from the Central Bank of Brazil, beneath the phrases of the relevant rules.
Free Writing Prospectus Legend
The Firm has filed a registration assertion (together with a prospectus) with the SEC for the providing to which this communication relates. Earlier than you make investments, you need to learn the prospectus in that registration assertion and different paperwork the Firm has filed with the SEC for extra full details about the Firm and this providing. You may get these paperwork without spending a dime by visiting EDGAR on the SEC Website online at www.sec.gov. Alternatively, the Firm, any underwriter or any seller taking part within the providing will prepare to ship you the prospectus when you request it from: XP Investimentos, Tower 45, 55 West 46th Street, 30th Ground, New York, New York 10036; Morgan Stanley, Consideration: Prospectus Division, 180 Varick Street, 2nd Ground, New York, New York 10014; Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Street, New York, New York 10282, phone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected] mail.gs.com; or J.P. Morgan, c/o Broadridge Monetary Options, Consideration: Prospectus Division, 1155 Lengthy Island Avenue, Edgewood, New York 11717, phone: 1-866-803-9204.
You may additionally entry the Firm’s preliminary prospectus dated June 29, 2020 included within the Firm’s registration assertion on Kind F-1 via the next hyperlink: https://www.sec.gov/Archives/edgar/information/1787425/000119312520182317/d948767df1.htm. This communication shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of, these securities in any state or different jurisdiction during which such supply, solicitation or sale could be illegal previous to the registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
XP is a number one, technology-driven monetary companies platform and a trusted supplier of low-fee monetary services and products in Brazil. XP’s mission is to disintermediate the legacy models of conventional monetary establishments by:
- Educating new courses of buyers;
- Democratizing entry to a wider vary of economic companies;
- Creating new monetary merchandise and expertise purposes to empower shoppers; and
- Offering high-quality customer support and shopper expertise within the business in Brazil.
XP supplies prospects with two principal varieties of choices, (i) monetary advisory companies for retail shoppers in Brazil, high-net-worth shoppers, worldwide shoppers and company and institutional shoppers, and (ii) an open monetary product platform offering entry to over 600 funding merchandise together with fairness and glued earnings securities, mutual and hedge funds, structured merchandise, life insurance coverage, pension plans, real-estate funding funds (REITs) and others from XP, its companions and opponents.
Ahead Trying Statements
This press launch incorporates “forward-looking statements” inside the that means of the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they have been first issued and have been primarily based on present expectations, estimates, forecasts and projections in addition to the beliefs and assumptions of administration. Phrases resembling “anticipate,” “anticipate,” “ought to,” “imagine,” “hope,” “goal,” “undertaking,” “objectives,” “estimate,” “potential,” “predict,” “may,” “will,” “would possibly,” “may,” “intend,” variations of those phrases or the unfavourable of those phrases and related expressions are meant to determine these statements. Ahead-looking statements are topic to plenty of dangers and uncertainties, a lot of which contain elements or circumstances which can be past XP Inc’s management.
XP, Inc’s precise outcomes may differ materially from these acknowledged or implied in forward-looking statements because of a number of elements, together with however not restricted to: competitors, change in shoppers, regulatory measures, a change the exterior forces amongst different elements.
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