Vérios Investimentos has been acquired by Easynvest

The shareholders of Vérios Investimentos have sold the company to Easynvest (now part of Nu Bank).

Vérios is one of the largest robo-advisor platforms in Brazil, providing individual, cost-competitive financial advice for thousands of retail and affluent clients. Vérios has a proprietary algorithm-enabled platform to manage individual portfolios. The company was backed by Brazilian venture capital investor Igah Ventures.

Founded in 1968 as a brokerage company, Easynvest has evolved in recent years from the traditional equity brokerage model into a 100% digital investment marketplace, offering a wide range of financial products to retail investors in Brazil. With more than 150,000 active users and over US$1.8 billion in assets under management, the company is one of Brazil’s largest digital investment marketplaces. On the Easynvest platform, customers can evaluate, compare and invest in a wide range of financial instruments, including government bonds (Tesouro Direto), fixed-income securities and mutual funds, as well as trade in equities, options and futures.

One of Oaklins’ teams in Brazil acted as sell-side advisor in this transaction.