BTG Pactual buys investment fintech Kinvo for $13 mm

BTG Pactual (BPAC11) reported that it has bought 100% of the investment fintech Kinvo for R$72 million ($13 mm). In a statement, BTG explained that Kinvo has more than 700,000 users, which total more than R$100 billion ($18 bn) in registered investments. The platform allows users to consolidate investments from various institutions into a single portfolio.

Source: Money Times