What XP International does

XP International operates as a distribution-focused entity within the XP Inc. group (NASDAQ: XP), one of Brazil's largest financial services platforms. Its primary distribution channel is the Clear brokerage platform, which serves approximately 4.762 million active clients with R$1.491 trillion in client assets as of Q4 2025. The company targets Brazilian investors, specifically those Clear clients holding international investment accounts, providing access to cross-border and alternative-asset products.

In March 2026, XP International announced a strategic partnership with Kalshi, a U.S.-regulated prediction market platform, and simultaneously launched Kalshi's prediction markets in Brazil — the first international expansion of Kalshi's product and the first time a U.S. prediction-market platform has partnered with a financial institution outside the United States. Through Clear, clients can now take positions on real-world economic events with real-time price formation, including contracts tied to Brazilian macro variables such as inflation and interest rates. This new asset class extends XP International's distribution franchise into event-based derivatives.

XP International's revenue mechanics are anchored in brokerage transaction fees and AUM-related streams typical of the XP Inc. group model. The company does not operate its own proprietary trading infrastructure; instead, it leverages Clear's existing client relationships and operational stack to distribute regulated third-party products. No standalone revenue, headcount, or pricing disclosure for XP International as a subsidiary is available in the source material.

Name

XP International

Legal name

XP International

Website

https://xpinternational.com

Company type

Private

Operating status

Operating

Short description

XP International is part of Brazil's XP Inc. group and operates the Clear brokerage platform serving approximately 4.762 million active clients; in March 2026 it launched Kalshi prediction markets in Brazil, marking Kalshi's first international expansion.

Ownership category

akta.pro rank

Product category

Retail Brokerage and Investment Services

NAICS

Portfolio Management and Investment Advice (523940), Software Publishers (513210)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Fraud Detection, Risk Scoring & KYC for Travel Protection (THALALAM)

akta.pro secondary industry

Digital Distribution & Comparison Platforms (Aggregators/Marketplaces) (FSAGAGAA)

Keywords

• Prediction markets distribution
• Brokerage services
• Event-based derivatives
• Retail investment platform
• International trading accounts

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage and financial services: XP International, as part of XP Inc., generates revenue through its brokerage operations. The company serves approximately 4.762 million active clients with R$1.491 trillion in client assets as of Q4 2025, indicating substantial AUM-based revenue streams typical of brokerage firms.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

XP International is a financial services distribution entity within XP Inc. that provides Brazilian retail investors access to brokerage and international investment products through its Clear brand. Its headline offering is the distribution of Kalshi's U.S.-regulated prediction markets to Clear clients with international accounts, enabling them to take positions on real-world economic events such as Brazilian inflation and interest-rate outcomes.

Product overview

XP International, part of XP Inc. (Brazil's largest brokerage), operates as a distribution partner offering financial services to Brazilian investors. The company's primary product offering includes its Clear brokerage platform with approximately 4.762 million active clients and R$1.491 trillion in client assets (Q4 2025). In March 2026, XP International launched prediction markets through a partnership with U.S.-regulated Kalshi, marking the first international expansion of prediction markets and introducing this new asset class to Brazilian investors through Clear's international investment accounts.

Differentiator

Problem solved

Functional benefit

Brands

• Clear: Brokerage arm of XP International/Clear with international accounts, through which clients access prediction markets via the Kalshi partnership.

Products and services

• Clear Brokerage Platform Retail brokerage platform operated by XP International under the Clear brand, through which Brazilian investors hold and trade investment products including international accounts. It serves as the distribution layer for XP International's product offerings, including the Kalshi prediction markets partnership.
• Kalshi Prediction Markets in Brazil Event-based derivatives product distributed by XP International via its Clear brokerage arm, allowing investors to take positions on real-world economic events with real-time price formation. Contracts are tied to Brazilian macroeconomic variables such as inflation and interest rates, and the underlying platform is CFTC-regulated in the United States.

Quantifiable outcome

• First international expansion for Kalshi through XP International partnership

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and core.

• KalshiflagshipStrategic or Co-development Partner · 9 March 2026XP International, a company within the XP Inc. group, has announced a strategic partnership with Kalshi, a U.S.-regulated prediction market platform, to bring prediction markets to Brazilian investors for the first time. The initiative marks Kalshi's first strategic partnership with a financial institution outside the United States. Clear clients with international investment accounts gain access to this new asset class, which allows investors to take positions on real-world economic events with real-time price formation.
• Clear (XP Inc. brokerage arm)coreChannel Partner/ Reseller/ Distributor · 9 March 2026Clear serves as the distribution channel for XP International's partnership with Kalshi. The brokerage arm provides access to approximately 4.762 million active clients and R$1.491 trillion in client assets as of Q4 2025, enabling distribution of prediction markets to Brazilian investors with international accounts.

Scale indicators3 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• XP Inc. XP Inc. is the publicly traded NASDAQ-listed Brazilian financial services parent company whose Clear brokerage arm provides XP International's distribution backbone, making it the controlling entity and a direct business-model comparator.
• Banco Inter: Banco Inter is a Brazilian digital bank and investment platform offering brokerage services to retail clients, comparable to Clear in distribution scale and product overlap, representing a potential competing distribution channel for prediction markets in Brazil.
• Nubank: Nubank is Latin America's largest digital financial platform with over 90 million customers in Brazil, providing comparable retail brokerage and investment product distribution capabilities that could support a competing prediction markets offering.
• BTG Pactual: BTG Pactual is a major Brazilian investment bank and brokerage with comparable scale to XP Inc., representing a potential competitor that could launch competing prediction market products through its own distribution.
• Betfair Exchange: Betfair operates one of the world's largest prediction and betting exchanges with peer-to-peer event contract mechanics, representing a broader incumbent in the same exchange-based event-outcome product category that XP International is entering in Brazil.

Direct peers

• Smarkets: Smarkets is a UK-based prediction exchange offering event contracts on politics, sports, and economics, providing a comparable regulated exchange model to Kalshi that could potentially serve Brazilian distribution partners.
• Polymarket: Polymarket is a crypto-based prediction market platform offering event contracts on real-world outcomes, directly comparable to the Kalshi-powered offering XP International distributes in Brazil in terms of product category and target use case.
• Kalshi: Kalshi is the U.S.-regulated CFTC-licensed prediction market platform and the direct strategic partner whose event-contract products XP International distributes in Brazil, making it the closest functional peer in the same product category.

Emerging players

• Coinbase: Coinbase is a major U.S. crypto exchange that has explored event-contract and prediction-market-adjacent products, sharing distribution DNA with prediction market venues and representing an emerging entrant with comparable exchange-based infrastructure.
• Hedgehog Markets: Hedgehog Markets is an emerging blockchain-based prediction market platform, representing a smaller-scale but directly comparable event-contract venue that could compete for partnerships with Latin American brokerages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/xpinternational
• Facebookfacebook.com/XPonline

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XP International