Business

XP acquires majority stake in the platform of receivables Antecipa

For XP, the acquisition is an opportunity to further expand its product range and reinforce the company’s presence among SMBs and corporate segments in Brazil

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  • What Antecipa does is to integrates buyers and suppliers, enabling credit transactions between companies without a bank serving as an intermediary, thereby removing the banking spread and minimizing related costs;
  • The company dynamically determines the discount rate for each transaction, minimizing inefficiencies of current systems. The analysis of each transaction is made through proprietary algorithms.

XP Inc, the parent holding of the Brazilian broker XP, announced the acquisition of a majority stake in the Brazilian platform of receivables Antecipa.

According to a press statement, for XP Inc., the acquisition is an opportunity to further expand its product range and reinforce the company’s presence among SMBs and corporate segments in Brazil.

Also according to both companies, Antecipa’s founders will maintain independence in managing the business, “and leverage XP’s structure, financial strength and, mainly, the company’s customer base to accelerate growth across the platform”.

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What Antecipa does is to integrates buyers and suppliers, enabling credit transactions between companies without a bank serving as an intermediary, thereby removing the banking spread and minimizing related costs. The company dynamically determines the discount rate for each transaction, minimizing inefficiencies of current systems. The analysis of each transaction is made through proprietary algorithms.

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“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, partner at Antecipa.

The acquisition still depends on authorization from the Central Bank of Brazil.