XP Inc. to Merge with Banco Modal S.A. (up to 100%)

XP Inc Acquires Minority Stake in Jive Investments

June 25, 2021

Financial Services

XP Inc. (Nasdaq: XP) signed to acquire a minority stake in Jive Investments, an independent alternative investment manager in Brazil focused on credit recovery, real estate and other distressed-asset strategies. The partnership is intended to accelerate Jive’s growth and expand XP’s ecosystem of independent asset managers, with closing subject to Cade approval.

Dock Acquires BPP (Brazil Banking-as-a-Service Provider) to Expand BaaS and PIX Integrations

October 7, 2021

Payments & Fintech

Dock, a financial technology infrastructure provider in Latin America, announced it will acquire BPP, a Central Bank of Brazil-regulated Banking-as-a-Service (BaaS) payment institution. The deal is subject to regulatory approvals, and Dock expects BPP’s direct integrations with Brazilian interbank systems (SPB and SPI) to strengthen its full-stack BaaS platform and PIX-related offerings in Brazil.

Xplor Technologies and Clubessential Holdings to Merge, Creating a Scaled Global Software and Payments Platform

September 16, 2025

Cloud & SaaS

Xplor Technologies and Clubessential Holdings entered into a definitive agreement to combine their businesses in a merger creating a scaled global platform for software and embedded payments. The combined organization is expected to be majority-backed by Advent International, with Battery Ventures and Silver Lake continuing as significant minority investors, and is expected to close by year-end subject to regulatory approval.

KeyBank Acquires XUP Payments

November 22, 2021

Financial Services

KeyBank National Association (KeyCorp) has acquired XUP Payments, a Charlotte-based B2B payments and Banking-as-a-Service platform. KeyBank will integrate XUP's onboarding, integrations, and payments technology to enhance its commercial payments capabilities and advance its embedded banking strategy.

Xero to Acquire Melio to Accelerate Global Growth

June 24, 2025

Payments & Fintech

Xero Limited has entered into a binding agreement to acquire 100% of Melio Limited and its associated entities. The deal combines Xero’s accounting capabilities with Melio’s US SMB bill pay and accounts payable/receivable workflows to expand Xero’s North America scale and accelerate its 3x3 strategy.

Equifax to Acquire Boa Vista Serviços (Shareholders Oppose Offer)

May 1, 2023

Data & Analytics

A group of minority shareholders at Boa Vista has delivered a letter to the company’s board opposing Equifax’s proposed R$8-per-share offer to merge Boa Vista with a non-operational Brazilian subsidiary of Equifax. The shareholders argue the price undervalues Boa Vista—citing growth, net cash, and the strategic value of its database—and note that the acquisition still requires Boa Vista shareholder approval, via an extraordinary general meeting that has not yet been convened.