Warren operates a fee-based wealth management platform (the "Warren Model") offering a free savings account, direct-access trading, and goal-based managed portfolios with a flat fee and 100% cashback on third‑party fund commissions. The company also runs Warren for Business, a platform for investment professionals that it aims to scale to 400 partners and to represent 60% of total AUM (currently 20%). Future plans funded by the raise include hiring, technological enhancements, potential M&A, expanding both digital and physical presence, and increasing partner adoption. Warren has invested in a full product suite including currency exchange, life insurance, education, financial planning and offshore services, plus an institutional business launched in 2020. Operating metrics disclosed: the firm grew AUM from R$500 million in 2020 to R$5 billion and employs about 400 people across nine offices. Warren is a digital brokerage platform that provides clients investment advice alongside self-service access to investment products and charges a flat fee on assets under management with no commissions. The platform offers more than 400 products, including seven funds managed by Warren, and has reached 130,000 clients with two billion Reais in managed assets. In spite of COVID-19 and Brazil's financial challenges, Warren has doubled its AUM and increased its employee base by 30%. The company plans to hire 80 additional collaborators by the end of the year and to double its partner network from more than 200 to 400 by December. Warren is developing Warren for Business, a white-label platform to offer partners products and services such as insurance, private pension plans and financial planning. Founded in 2017 in Porto Alegre, the company says it will continue investing primarily in technology to expand its offerings and distribution.

Total raised

$78M

Funding rounds

2

Latest round

Series C

Latest activity

Apr 2021