What Inter & Co does

Inter & Co (NASDAQ: INTR), formerly Banco Inter S.A., is a publicly traded Brazilian holding company founded in 1994 and headquartered in Belo Horizonte. Operating through Banco Inter S.A. and a network of wholly-owned subsidiaries, the company has evolved from a traditional bank into a digital financial services platform organized around a Super App that serves 43.1 million customers as of Q4 2025. The portfolio spans digital accounts (Conta Digital, Conta MEI, Conta Kids), payments and Pix acquiring through Inter Pag, securities brokerage via Inter Securities/DTVM, insurance intermediation through Inter Corretora, asset management, a marketplace (Inter Shop), a telecom product (Inter Cel), a food subscription (Inter Duo Gourmet), and a virtual assets subsidiary (Inter Digital Assets). The Stack uses Open Finance APIs and biometric authentication and is delivered through a mobile-first interface with no physical branches.

Beyond Brazil, Inter has built an integrated cross-border operation. A Cayman Islands branch of Banco Inter (authorized by CIMA as a category B banking institution) provides USD-denominated accounts (Cayman Account) and international Mastercard debit and credit cards (Global Cards) to non-U.S. residents. In the United States — where Inter operates through Inter & Co Payments, Inc., Inter US Finance LLC, and a newly approved U.S. bank license (January 2026) — the company serves Brazilian diaspora customers with FDIC-insured checking accounts (via Continental Bank and Community Federal Savings Bank partnerships), Mastercard cards, brokerage through Inter & Co Securities LLC (clearing via DriveWealth and Pershing), and mortgage origination following the 2023 YellowFi acquisition. The Q4 2025 loan portfolio reached R$48.3 billion (up 36% YoY) with 15.1% ROE and R$1.3 billion quarterly net income (up 45% YoY).

The business model combines interest income from the credit portfolio (personal loans, mortgage, credit cards) with transaction and card fees, brokerage commissions (Inter Securities), insurance intermediation fees, marketplace and telecom revenues, and digital account services. Pricing is not publicly itemized. The go-to-market is direct-to-consumer and product-led, relying on the Super App for acquisition and cross-sell while using bank partnerships (Continental Bank, CFSB) and clearing partners (DriveWealth, Pershing) to extend the product surface into markets where direct licenses have not yet been obtained. The customer base is predominantly long-tail retail and SMB, with explicit focus segments on Brazilian residents, Brazilians living abroad (especially in the U.S.), and Brazilian investors.

Name

Inter & Co

Legal name

Banco Inter S.A.

Website

https://inter.co

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Inter & Co (NASDAQ: INTR) is a Brazilian digital bank operating a mobile-first Super App that serves 43.1 million retail and SMB customers across Brazil, the U.S., and the Cayman Islands with checking, credit, payments, brokerage, mortgage, and insurance products.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Commercial Banking (52211), Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Personal Credit Institutions (6141), Security Brokers, Dealers & Flotation Companies (6211), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Multi-Asset / Cross-Asset Brokerage (FSAEACAM)

Keywords

• Digital banking services
• Consumer financial products
• International money transfers
• Securities brokerage services
• Mortgage origination services

Headquarters

HQ city

Belo Horizonte

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income from Credit Portfolio: Interest income from loans and credit products including personal loans, mortgage financing, and credit cards. The loan portfolio grew 36% year-over-year to R$48.3 billion.
2. Transaction and Card Fees: Fees from payment processing, card transactions, and international transfers through the Global Account and credit card products.
3. Securities Brokerage Services: Commission and fees from US securities brokerage services provided through Inter Securities LLC to Brazilian investors.
4. Insurance Intermediation: Revenue from intermediating insurance products through Inter Corretora de Seguros.
5. Digital Account and Banking Services: Fees from digital account services, Pix payments, and other banking transaction services.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Inter & Co operates a Super App digital banking platform serving 43.1 million clients with integrated financial services including checking and savings accounts, credit products (personal loans, credit cards, mortgages), investments, insurance, international banking (US Checking, Cayman Accounts, Global Debit/Credit Cards), US securities brokerage, and payment services (Pix). The platform serves Brazilian consumers and SMBs domestically and internationally, with a US bank license secured in January 2026 to support further expansion.

Product overview

Inter & Co operates as a super app platform combining digital banking, investment services, and lifestyle products. The core offering includes the Conta Digital (Brazilian digital account) alongside the Global Account and Cayman Account for international banking. The product portfolio spans US and international banking through Continental Bank (US Checking, US Cards), the Cayman branch (Cayman Account, Global Cards), securities brokerage via Inter Securities/DTVM, mortgage services through Inter US Finance, and lifestyle offerings including Inter Loop loyalty program, Inter Shop marketplace, Inter Cel telecom, and Inter Pag payment services. The 2023 YellowFi acquisition expanded real estate investment products in the US market.

Differentiator

Problem solved

Functional benefit

Brands

• Inter Loop: Loyalty rewards program offering points that can be redeemed for cashback, discounts, and other rewards
• Inter Cel
• Inter DTVM
• Inter US Finance
• Inter & Co Securities
• Inter Duo Gourmet

Products and services

• Conta Digital
• Conta MEI
• Conta Kids
• Global Account / Inter US
• Conta Cayman (Cayman Account)
• Cartão de Débito Global (Global Debit Card)
• Cartão de Crédito Global (Global Credit Card)
• Inter US Mastercard Cards
• Inter US Checking Account
• Inter Securities / Inter DTVM
• Inter US Finance Mortgage Services
• Inter Loop
• Inter Cel
• Inter Pag
• Inter Shop
• YellowFi Real Estate Investment Services
• Insurance Intermediation (Inter Corretora de Seguros)
• Inter Asset Management Services
• Inter Duo Gourmet
• Inter Digital Assets

Quantifiable outcome

• 36% year-over-year loan portfolio growth to R$48.3 billion
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Continental BankcoreChannel Partner/ Reseller/ DistributorContinental Bank, Member FDIC, provides Inter US Checking accounts and issues Inter US Mastercard credit and debit cards. This partnership enables Inter to offer FDIC-insured banking services to US residents.
• Community Federal Savings Bank (CFSB)coreChannel Partner/ Reseller/ DistributorCFSB, Member FDIC, provides banking services for Inter accounts with deposits held at CFSB and Wells Fargo Bank. CFSB partners with Inter for compliance and deposit services.
• Inter DTVMcoreStrategic or Co-development PartnerInter Distribuidora de Títulos e Valores Mobiliários Ltda, a Brazilian securities dealer authorized by CVM and Central Bank of Brazil, serves as intermediary for Inter Securities services to Brazilian investors per CVM Guidance Opinion nº 33.
• Inter US Finance, LLCcoreStrategic or Co-development PartnerInter US Finance, LLC (NMLS ID #1161874), an affiliate of Inter & Co Payments, Inc., provides mortgage services in the US market.

Scale indicators8 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Robinhood Markets: US digital brokerage serving retail investors via mobile app. Comparable to Inter Securities LLC and Inter DTVM on the brokerage leg of Inter's Super App.
• Banco Original: Brazilian digital-first bank with consumer and SMB accounts, loans, and agribusiness financing. Comparable to Inter & Co on digital banking model and Brazilian consumer/SMB focus.
• C6 Bank: Brazilian digital bank (JPMorgan-backed) offering accounts, cards, investments, and credit. Closely comparable to Inter & Co on product breadth and target SMB/consumer segments in Brazil.
• SoFi Technologies: US-based super app digital bank offering deposits, lending, credit cards, brokerage, and insurance. Closest US analog to Inter & Co's multi-product Super App strategy and international expansion narrative.
• Banco Pan: Brazilian consumer and SMB lender with a strong digital channel. Comparable to Inter & Co on personal loans, payroll lending, and consumer credit orientation within Brazil.
• Nubank: Largest Brazilian digital bank with 100M+ customers and a Super App model. Direct competitor to Inter & Co across digital accounts, credit cards, personal loans, and investments, and the most relevant peer for benchmarking growth and unit economics in Brazilian neobanking.
• Chime: US digital bank with a no-fee, mobile-first account and a partner-bank deposit model (similar to Inter's CFSB/Continental arrangement). Comparable on US digital bank distribution strategy and the path to a direct banking license.

Regional players

• PagSeguro: Brazilian digital payments and SMB banking platform. Comparable to Inter & Co's Inter Pag acquiring and Pix-enabled payment services and the Conta MEI SMB segment.
• Stone Co. Brazilian fintech focused on payments acquiring and SMB banking. Comparable to Inter & Co's Inter Pag acquiring and Conta MEI SMB offerings, and shares the same Brazilian macro exposure.

Broad incumbents

• XP Inc. Brazilian financial platform spanning brokerage, wealth management, insurance, credit, and investment funds. Comparable to Inter & Co's Inter DTVM, Inter Asset, and Inter Corretora units, though XP is investment-led rather than banking-led.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inter & Co