July 1, 2020
Brazilian brokerage firm XP Inc said Tuesday that it entered the receivables financing market by acquiring a majority stake in Antecipa for an undisclosed amount.
Antecipa is a digital platform for credit transactions between companies without a bank as an intermediary. Its initial investors included Redpoint eventures, a joint venture between US venture capital firms Redpoint Ventures and e.ventures, according to XP.
The acquisition comes after XP started to offer credit to small and medium-siz
Brazilian brokerage firm buys control of Antecipa as its owners line up a share sale on the Nasdaq