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Fintech Magnetis closes US$11 million with Redpoint and Vostock Emerging
Contxto – Brazilian’s interest in investing is growing, and venture capital (VC) funds have taken notice. Yesterday (29), investment fintech Magnetis announced it raised US$11 million for its Series B. Redpoint eventures and Vostok Emerging Finance were the round’s ringleaders. As a result, plenty of growth, tech development, and new projects—including a brokerage service—are coming […]
XP Investimentos to roll out credit card with investment cashback program
Contxto – XP Investimentos is a familiar face within the financial industry of Brazil. And since its IPO debut on the Nasdaq in December of last year, it’s been very busy. Besides making multiple acquisitions, it’s recently dished out more details on an up and coming product. Last Monday (20), XP Investimentos announced that in […]
XP Investimentos acquires majority stake in fintech Fliper
Contxto – Open banking in Brazil has led XP Investimentos to review its growth strategy. And in light of the market opportunity it sees in its native country, it bought a majority stake in fintech Fliper. The value of the transaction remains undisclosed as of the announcement made last Monday (8). The only loose end […]