trending Market Intelligence /marketintelligence/en/news-insights/trending/VrlJAeUM8ISs-BR3UEH7Dw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Moody's: Brazilian fintech XP's IPO to support growth strategy, banking goals

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


Moody's: Brazilian fintech XP's IPO to support growth strategy, banking goals

Brazil-based XP Inc.'s recently completed IPO is credit positive for the company because it will provide backing for its growth strategy and allow it to launch its new digital banking platform, Moody's said.

XP, the holding company of online investment platform XP Investimentos SA, closed the IPO with estimated net proceeds of $1.1 billion. The company said it will use the proceeds to strengthen its banking unit.

Through its banking operation, XP plans to provide more products, which include digital bank accounts, foreign exchange transactions and consumer loans backed by investment assets, according to Moody's. These new offerings will complement the company's strong online investment advisory business and at a lower cost compared to services from traditional banks.

The strategy will gain from Brazil's favorable economic environment that is expected to recover at a faster pace in 2020, the rating agency said. XP will also be able to access international markets and improve its visibility with investors, supporting its long-term growth strategy.