- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
-
- IPO Date
- Oct 4, 2021
- Business
- XP Inc. (Nasdaq: XP) operates as a technology-driven financial services platform primarily in Brazil, with additional operations in the United States and the United Kingdom; the company provides low-fee investment products, brokerage services, financial advisory, insurance, digital banking, and educational content through brands including XP Investimentos, Rico, Clear, Infomoney, XPeed, and IM+; core offerings encompass equities, fixed income securities, mutual funds, hedge funds, private equity, derivatives, pension plans, credit cards, loans, life and property insurance, wealth management, securities placement, fixed income underwriting, institutional trading, structured products, and asset-liability management. Founded in 2001 in Porto Alegre, Brazil, by Guilherme Benchimol and Marcelo Maisonnave, XP Inc. is headquartered in Grand Cayman, Cayman Islands, with primary operational offices in São Paulo and presence across Brazil serving over 4.7 million active retail clients and more than 18,200 advisors; it targets retail investors, high-net-worth individuals, corporate clients, and institutional investors through an omni-channel digital platform and independent advisor network. Recent developments include the January 2025 acquisition of a minority stake in Center Capital to expand advisory services in southern Brazil; 2024 acquisitions and investments such as minority interests in Blue3 S.A., Ável Participações Ltda., Monte Bravo JV S.A., and two independent financial advisors; a joint investment with General Atlantic in LiveMode in April 2024; the completion of Banco Modal S.A. acquisition in 2023; approval of a R$1.0 billion share buyback program and R$500 million dividend in 2025 alongside R$842 million in repurchases year-to-date; and robust financial growth with R$18.9 billion in gross revenue and R$1.425 trillion in client assets as of 3Q25.