Welcome to our dedicated page for Inter & news (Ticker: INTR), a resource for investors and traders seeking the latest updates and insights on Inter & stock.
Inter & Co. Inc. reports news about its digital bank and financial super app, including earnings results, credit portfolio growth, client engagement, profitability, asset quality and product adoption. Company updates describe banking and spending services, mortgages, credit, investments, international payments, cashback rewards, shopping discounts and other lifestyle features delivered through the Inter platform.
Recurring developments also include regulatory approvals and international expansion for its banking operations, activity at Banco Inter S.A., Brazilian market products such as Pix, Loop and private payroll credit, and shareholder items tied to common shares and Brazilian Depositary Receipts.
Inter&Co (Nasdaq: INTR) has announced a partnership with New York City Football Club (NYCFC) as its Official Remittances Partner. This collaboration aims to enhance fan experiences during the 2023 MLS season, targeting NYC's 6.5 million soccer fans. The partnership is notable as it follows Inter's recent acquisition of a remittance fintech and its NASDAQ listing in June. NYCFC's commitment to community access aligns with Inter's focus on affordable remittance services for immigrant populations. Inter's remittance services cover over 60 countries, supporting cross-border payments from the U.S., Brazil, and Canada.
Inter&Co (Nasdaq: INTR) has rebranded its recently acquired remittances business to Inter and plans to expand its services in the US. The company now offers secure cross-border payments for over 150,000 customers across 40 states, facilitating transactions to more than 60 countries.
With this rebranding, clients will experience an improved app interface and will have access to features like e-gifts and cashback. The launch of an international account for Brazilian customers aims to enhance financial freedom for those traveling or living abroad.
Inter&Co (NASDAQ: INTR) reported a strong financial performance for Q2 2022, achieving total gross revenues of nearly R$1.5 billion, a 130% YoY increase. The company surpassed 20 million clients, up 73% YoY. The gross loan portfolio grew to R$19.5 billion, a 56% increase. Cost-to-income ratio improved to 72%, down 19 percentage points YoY. Net income stood at R$16 million. Inter&Co also launched its global account feature, facilitating international transactions for Brazilian clients.
Inter&Co has officially listed its Class A Common Shares on Nasdaq, migrating from Brazil's B3 exchange, with trading commencing on June 23, 2022, under the ticker INTR. The company serves over 20 million customers and aims to enhance its financial positioning in the U.S. market. Following its acquisition of USEND, Inter now offers a global account in U.S. dollars and a cross-border payments solution for underserved immigrants. Additionally, Inter's shares will continue trading in Brazil as INBR31.