Exhibit 21.1
Subsidiaries of the Registrant
The following are the subsidiaries of the Registrant:
| Name | Principal Activities | Country | |
| 1. | XP Investimentos S.A. | Holding | Brazil |
| 2. | XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. | Broker-dealer | Brazil |
| 3. | XP Vida e Previdência S.A. | Private pension and insurance | Brazil |
| 4. | Banco XP S.A. | Multipurpose bank | Brazil |
| 5. | XP Controle 3 Participações S.A. | Financial Holding | Brazil |
| 6. | XPE Infomoney Educação Assessoria Empresarial e Participações Ltda. | Digital Content services | Brazil |
| 7. | Tecfinance Informática e Projetos de Sistemas Ltda. | Rendering of IT services | Brazil |
| 8. | XP Corretora de Seguros Ltda. | Insurance Broker | Brazil |
| 9. | XP Gestão de Recursos Ltda. | Asset management | Brazil |
| 10. | XP Finanças Assessoria Financeira Ltda. | Investment consulting service | Brazil |
| 11. | Infostocks Informações e Sistemas Ltda. | Mediation of information systems | Brazil |
| 12. | XP Advisory Gestão Recursos Ltda. | Asset management | Brazil |
| 13. | XP Vista Asset Management Ltda. | Asset management | Brazil |
| 14. | XP Controle 4 Participações S.A. | Insurance holding | Brazil |
| 15. | Leadr Serviços Online Ltda. | Social media | Brazil |
| 16. | Spiti Análise Ltda. | Research (pending regulatory approval) | Brazil |
| 17. | Chamaleon Bravery Unipessoal LDA | Investment Advisor (pending regulatory approval) | Portugal |
| 18. | XP Investments UK LLP | Inter-dealer broker and Organized Trading Facility (OTF) | UK |
| 19. | Sartus Capital LTD | Investment advisor | UK |
| 20. | XP Private (Europe) S.A. | Investment advisor | UK |
| 21. | XP Holding UK Ltd | International financial holding | UK |
| 22. | XP Investments US, LLC | Broker-dealer | USA |
| 23. | Xperience Market Services LLC | Non-operational | USA |
| 24. | XP Holding International LLC | International financial holding | USA |
| 25. | XP Advisory US | Investment advisor | USA |
