Brazilian financial services platform XP Inc. has reported net revenues of BRL1.7 billion (US$300m) for the first quarter of 2020, an 86% soar from its Q1 19 figure of R$934 million.
The company's subsidiary, XP Investimentos, reigns as the most prolific distributor in Brazil with 103 products valuing R$1.46 billion compared to 63 products at R$1.27 billion in the fourth quarter of 2019. Following XP is BTG Pactual, which has remained steady with its structured product distribution with two for the second consecutive quarter. In third place are Banco Ourinvest, Modalmais and Genial Investimentos - all of which issued one product each at BRL14 million, BRL50 million and BRL
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