Warren, a Brazilian digital brokerage firm founded in 2017 in Porto Alegre, announced today that it has received a 120 million Reais investment led by QED Investors which has invested in companies including Nubank, Loft, Quinto Andar, Creditas, Kavak, and Konfio. Warren is redefining the investment landscape in Brazil by offering clients a digital platform that provides investment advice alongside the ability to self-service investment products. Warren charges a flat fee on AUM without any commissions or hidden fees, realigning incentives for clients and their brokerage to grow clients AUM. This is in contrast to the prevalent Brazilian model of RIAs which receive profit from product sales rather than portfolio performance.