XP Inc., an investment management company, has reportedly announced a majority stake acquisition in Antecipa. Developed as a digital platform, the main objective of Antecipa is to serve companies with efficient alternatives to optimize the cash flow management.

The stake acquisition deal will provide an opportunity for XP to further expand its range of products as well as strengthen its presence in the SME (Small to Medium Enterprise) and corporate segments in Brazil.

Antecipa will function and manage the business independently. Additionally, the company will leverage the customer base, financial strength, and structure of XP to drive the growth of its platform. It integrates suppliers and buyers through its platform, which enables credit card transactions between companies, removes banking spread, and minimizes related costs. The platform, through proprietary algorithms, focuses on the cash flow optimization.

Bruno Constantino, CFO of XP Inc., has stated that the need to support suppliers and optimize cost structures by various companies provides an opportunity for XP to collaborate with its partners and ensure a rapid economic recovery. The company targets to promote an agile, innovative, and transparent financing alternative for the customers. By partnering with Antecipa, it intends to leverage its expertise in cash management optimization to accelerate the growth of the capital markets in Brazil.

According to Partner at Antecipa, Camilo Telles, the recent deal of the company to partner with XP clearly aligns with its client-centric approach. Despite the offering of supply chain financing services by various banks in Brazil, it has mainly been in combination with less-attractive financing options. The digital platform of Antecipa aims at enhancing the cash cycles across the production chains. With the credibility, structure, and support from XP, the growth potential of Antecipa’s business can be maximized.

The completion of the recent acquisition transaction is subject to its compliance with the Central Bank of Brazil’s prior authorization and other standards under the terms of the regulations.

Source credit:

http://www.globenewswire.com/news-release/2020/06/30/2055313/0/en/XP-Inc-Acquires-Stake-in-Fintech-Antecipa-Entering-the-Receivables-Financing-Market.html