A little over a year ago, Warren raised R$300 million in an investment led by GIC, Singapore's sovereign wealth fund. The idea was that part of the money would be used by the fintech to boost the business mainly through acquisitions.
In its fifth acquisition in six months, the company that operates as an investment platform incorporated the operations of Renaissance, Vitra Capital, Box TI and the Sim;paul tech team. This Monday, March 28, Warren is expanding that package with the acquisition of Meuportfolio, a startup founded in 2019 by Felipe Bossolani and Rafael de França Neves.
With the deal, of undisclosed value, Warren will absorb the operations of the startup that has developed an investment consolidation platform. The technology allows searching and analyzing information about all the investments the client has, even if in different companies and brokers, including cryptocurrencies.
It is possible, for example, to obtain a percentage of the monthly income of the entire portfolio. "From the moment the user uses the platform, the technology makes available data on profitability, volatility, and risk indicators of the investments," says Bossolani, CEO and cofounder of Meuportfolio.
"The goal is to increase the range of products that this tool absorbs," says Fabio Safini, commercial director at Warren. "The consolidator never finishes its work, it is fed daily with a range of options that the customer wants to have in one place."
Warren's plans involve expanding the volume of customers who have access to the service. With 20 employees, Meuportfolio has R$16 billion in assets belonging to the investment portfolio of 16 clients. This means an average of R$ 1 billion per client. The goal is to reduce this average ticket.
For comparison, rival Smartbrain, founded in 2004 and which recently received a US$ 10 million contribution from Bradesco, has more than 450 clients and a portfolio that exceeds R$210 billion. The average is R$466 million.
The expectation is that the technology will be a gateway for more clients into Warren's ecosystem. The company's plan for 2022, as revealed by Tito Gusmao, Warren's president, in an interview to NeoFeed in January, is to reach R$ 40 billion in assets under custody and 520 thousand clients on the platform.
There are two strategies to achieve this ambition. One is to close deals that directly expand the client base, as was done with Vitra Capital, a multifamily office that contributed R$12 billion in assets under management.
In the M&A plan, Safini explains that recent acquisitions, such as Meuportfolio, bring "technology teams focused on acceleration.
Another measure involves precisely boosting the organic operation, especially with the adoption of new technologies and features that attract more clients to the platform.
In this sense, a priority is Warren Pro, a platform with more than 400 business partners, mainly former bankers or financial planners. This army uses the tool to distribute products from the digital brokerage, which has its own funds and more than 400 funds from other brokerage firms, such as SPX, Kapitalo, Giant, Vista, Truxt and Absolu.
With these moves, Warren seeks to advance in the competition with giants such as XP, BTG Pactual, Itaú, Bradesco, Santander, as well as some digital banks and fintechs, such as Banco Inter, Nubank and Magnetis.
Translated with www.DeepL.com/Translator (free version)
A little over a year ago, Warren raised R$300 million in an investment led by GIC, Singapore's sovereign wealth fund. The idea was that part of the money would be used by the fintech to boost the business mainly through acquisitions.
In its fifth acquisition in six months, the company that operates as an investment platform incorporated the operations of Renaissance, Vitra Capital, Box TI and the Sim;paul tech team. This Monday, March 28, Warren is expanding that package with the acquisition of Meuportfolio, a startup founded in 2019 by Felipe Bossolani and Rafael de França Neves.
With the deal, of undisclosed value, Warren will absorb the operations of the startup that has developed an investment consolidation platform. The technology allows searching and analyzing information about all the investments the client has, even if in different companies and brokers, including cryptocurrencies.
It is possible, for example, to obtain a percentage of the monthly income of the entire portfolio. "From the moment the user uses the platform, the technology makes available data on profitability, volatility, and risk indicators of the investments," says Bossolani, CEO and cofounder of Meuportfolio.
"The goal is to increase the range of products that this tool absorbs," says Fabio Safini, commercial director at Warren. "The consolidator never finishes its work, it is fed daily with a range of options that the customer wants to have in one place."
Warren's plans involve expanding the volume of customers who have access to the service. With 20 employees, Meuportfolio has R$16 billion in assets belonging to the investment portfolio of 16 clients. This means an average of R$ 1 billion per client. The goal is to reduce this average ticket.
For comparison, rival Smartbrain, founded in 2004 and which recently received a US$ 10 million contribution from Bradesco, has more than 450 clients and a portfolio that exceeds R$210 billion. The average is R$466 million.
The expectation is that the technology will be a gateway for more clients into Warren's ecosystem. The company's plan for 2022, as revealed by Tito Gusmao, Warren's president, in an interview to NeoFeed in January, is to reach R$ 40 billion in assets under custody and 520 thousand clients on the platform.
There are two strategies to achieve this ambition. One is to close deals that directly expand the client base, as was done with Vitra Capital, a multifamily office that contributed R$12 billion in assets under management.
In the M&A plan, Safini explains that recent acquisitions, such as Meuportfolio, bring "technology teams focused on acceleration.
Another measure involves precisely boosting the organic operation, especially with the adoption of new technologies and features that attract more clients to the platform.
In this sense, a priority is Warren Pro, a platform with more than 400 business partners, mainly former bankers or financial planners. This army uses the tool to distribute products from the digital brokerage, which has its own funds and more than 400 funds from other brokerage firms, such as SPX, Kapitalo, Giant, Vista, Truxt and Absolu.
With these moves, Warren seeks to advance in the competition with giants such as XP, BTG Pactual, Itaú, Bradesco, Santander, as well as some digital banks and fintechs, such as Banco Inter, Nubank and Magnetis.
Translated with www.DeepL.com/Translator (free version)