TC repeats the old story of the creature that surpasses its creators. Founded in 2015 as TradersClub by three individual investors — Rafael Ferri, Pedro Albuquerque and Israel Massa — the conversation group has become an investor guidance platform that brings together information, courses, analysis and technological tools aimed at individuals who want to venture out in the capital market. And, after so much talk about shares, the TC ended up listing their own on B3 at the end of July. In an Initial Public Offering (IPO), the company raised BRL 607 million and saw its market value reach BRL 2.7 billion.
With so much money in his pocket, TC went shopping. In less than three months, it snapped up companies such as Abalustre (technology startup for investments), RIWeb (communicating investor support company) and part of 2TM (holding that controls a series of companies focused on digital assets, including the Market Bitcoin, the largest cryptoactive platform in Latin America). The most recent mouthful was announced in early October, when the TC bought, for R$ 40 million, the oldest and most respected financial information platform for investors in the market, Economatica. Together, the acquisitions already reach R$ 135.7 million.
“Our intention is to provide an increasingly complete service to investors,” said TC’s Investor Relations (IR) director, Pedro Machado. For him, the Brazilian market has been maturing and so have investors. “Even so, the stock market still represents only 5% of investments”. An opportunity for the company. “The investor will lose if he leaves money standing. And that’s where we come in, delivering all the information tied up”, he said.
The acquisition of Abalustre brought artificial intelligence which allows to customize the service. At RIweb, the focus was on information aimed at the capital market, bringing together everything that is mandatory for public companies, breaking down all the data for investors. The investment in 2TM, on the other hand, opens the doors to the cryptoactive sector, allowing greater access not only to information but also to the system of effective transactions within the TC.
Economatica enters this recipe as the icing on the cake. With estimated revenues of R$ 17.5 million this year, the company analyzes data from more than 5,000 companies and 27,000 investment funds in 250 sectors of the economy. “We are going to take advantage of all this synergy because we believe that this will make customers want to be with us”, he says.
Depending on the partners, the purchases will not stop. The goal is to allocate 60% of the IPO resources, or R$360 million, to new acquisitions in order to create a large financial ecosystem. “In Brazil, investing is a very complex activity and can be improved, both for individuals and companies,” he said.
CONSTRUCTIVE TALK The strategy of facilitating the exchange of information in the chat of friends led to a company that earned R$23.24 million in the second quarter. The number of registered users has already reached 502,300, 20 times more than the 24.3 thousand in 2018. And for all that, the number of employees jumped from 26 people in 2018 to 570 by the end of September.
The only risk factor mentioned in the prospectus that the company sent the CVM to go public concerns Rafael Ferri. In 2011 he was prohibited by CVM from acting directly or indirectly in securities transactions for up to five years, a decision that was confirmed by the National Financial System’s appeals board in 2019. The company informed that Ferri is an “indirect shareholder of the platform and acts in the commercial area, without any active or direct participation in the management or decision-making related to the operation of the company as a whole” and that “Ferri’s ban on operating in the financial market is related to a case in his personal sphere, which happened long before we created our platform. The TC has no connection with what happened.”
B3 MAKES AN OFFER FOR NEOWAY
TC is not the only one in the financial market with an appetite for acquisitions. More and more focused on technology, B3 announced on Thursday (14) that it is negotiating the acquisition of 100% of the share capital of Neoway, a company specialized in big data and artificial intelligence. In a relevant fact, the company informs that, so far, negotiations are being carried out, but there is still nothing definitive. Since last year, B3 has been accelerating its entry into new businesses, with the completion of the purchase of another 25% in BLK Sistemas, specialized in the development of screens and trading algorithms for brokers and institutional investors. In July of this year, B3 entered into a partnership with Totvs to create Dimensa, a solutions company for the financial market, with a 37.5% stake in the company. For the market, the new steps taken by the stock exchange are beneficial, as they open up new business paths and growth possibilities.
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