XP Inc. Acquires Stake in Fintech Antecipa Entering the Receivables Financing Market
XP Inc., a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced the acquisition of a majority stake in Antecipa. Created as a digital platform for the financing of receivables, Antecipa’s central objective is to offer an efficient alternative for companies to optimize cash flow management. For XP Inc., the acquisition represents an opportunity to further expand its product range and reinforce the company’s presence in the Small to Medium Enterprise (SME) and corporate segments in Brazil, similar to XP’s transformational initiatives across the Retail, High-Income and Private Market channels.
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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Through its platform, Antecipa 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. Hence, through proprietary algorithms, the platform focuses on optimizing cash flows by seeking a fair price for each transaction and an agile and intelligent process for the disbursement of resources to suppliers.
Although Antecipa operates in a market with existing providers, there remains a series of inefficiencies that can be minimized. According to Bruno Constantino, XP Inc.’s CFO, entering this segment at a time when companies need to optimize cost structures and support suppliers, presents an important opportunity for XP to collaborate with partners to drive a quicker economic recovery. “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.”
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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.
“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,” said Rodrigo Baer, partner at Redpoint eventures, which participated in Antecipa’s initial financing round.
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