Brazilian brokerage XP looks to life after the lockdown bull market

Like many digital brokerages which prospered during the pandemic as locked-down savers played a booming stock market, Brazil’s XP has had a bumpy comedown.

With an array of products including a fund “supermarket” and often lower fees than the country’s handful of big banks, the São Paulo-based company has helped bring investing to a wider public since its founding more than two decades ago. In the process, it has been hailed by analysts and consumers as a financial technology pioneer.