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XP invests in Fliper to provide open banking services

Tuesday 9 June 2020 14:09 CET | News

Brazil-based financial services platform XP has announced the acquisition of a majority ownership stake in Brazil-based fintech Fliper to enter the open banking market.

Fliper is an automated investment consolidation platform that offers its users connectivity and tools to perform financial self-management. The transaction allows XP to offer its customers resources to manage their investments, as the open banking trend continues to accelerate in Brazil.

XP is a technology-driven financial services platform and a provider of financial products and services in Brazil. The completion of the transaction is subject to approval by the Brazilian Central Bank.

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Keywords: XP Inc, Fliper, fintech, Open Banking, transaction, investment, Brazil, Brazilian Central Bank
Categories: Banking & Fintech
Companies:
Countries: Brazil
This article is part of category

Banking & Fintech