Wallets/banco-inter
Banco Inter (Inter&Co)
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Overview
Banco Inter (corporate brand Inter&Co) is Brazil's leading multi-product digital bank, listed on NASDAQ: INTR + B3: INTR [1, 2, br-cro]. By Q2 2025, Inter reached 40 million customers with R$1.2+ trillion transacted through credit + debit + Pix + 8.3% Pix market share. Q1 2025: 57% YoY net income growth (R$287M / ~$51M quarterly profit). Credit portfolio expanding rapidly with NPL at 4.6%.
Originally founded 1994 as a paper-based credit bank, Inter pioneered Brazilian zero-fee digital banking + super-app expansion (banking + investments + insurance + marketplace).
History
1994 — Banco Intermedium founded [wiki-inter] as paper-based credit bank in Belo Horizonte, Brazil.
2014-2017 — Digital transformation + zero-fee retail banking pivot [2].
2018 — Banco Inter IPO on Brazilian stock exchange [wiki-inter].
2022 — Migrated US listing to NASDAQ (INTR) [wiki-inter]: Dual-listed BR + US.
2024-2025 — Rapid customer growth [3]: 36M+ → 40M (Q2 2025).
Q1 2025 — R$287M (~$51M) quarterly profit (+57% YoY) [3].
Q1 2025 — 8.3% Pix market share + R$1.2T+ transacted volume [3].
Ownership & operator
Operating entity: Inter&Co (NASDAQ: INTR + B3: INTR).
Controlling shareholders: Menin family (founding family).
Major investors: SoftBank Vision Fund (early backer), broad institutional + public float (NASDAQ + B3 dual listing).
Regulator: Banco Central do Brasil (BCB) — full Brazilian banking license.
Technical integration
| Layer | Description |
|---|---|
| Channels | Inter mobile app (iOS + Android) + Inter web |
| Identifiers | CPF + email + phone + card + Pix keys |
| Brazilian rail | pix (8.3% market share Q1 2025) |
| Card networks | Mastercard + Visa (Inter-issued cards) |
| Sub-products | Banco Inter retail banking + Inter Invest (brokerage) + Inter Seguros (insurance) + Inter Marketplace (e-commerce) + Inter Shop + Inter Cripto + Global Account (US dollar account) |
Users & growth
- Customers (Q2 2025): 40 million
- Customers (Q1 2025): 37.7 million
- Pix market share: 8.3%
- Total transacted volume: R$1.2+ trillion (credit + debit + Pix)
- Q1 2025 net income: R$287M (~$51M; +57% YoY)
- NPL: 4.6% (healthy)
Use cases
Daily Brazilian retail banking (savings + deposits + credit); Pix transfers; Inter Invest (brokerage including US stocks); Inter Seguros (insurance distribution); Inter Marketplace (e-commerce); Inter Shop (cashback); Inter Cripto (crypto trading); Global Account (US dollar account for international transactions).
Implementations & partners
Operator: Inter&Co (NASDAQ: INTR + B3: INTR).
Major investors: SoftBank Vision Fund + public float.
Major Brazilian competitors: [[nubank]] (NYSE: NU; 110M BR customers), [[picpay]] (65.6M), C6 Bank (25M), PagBank (PagSeguro), Itaú + Bradesco + Santander BR (traditional banks).
Regulator: BCB.
Fun facts
- 1994 founded as paper-based credit bank Banco Intermedium in Belo Horizonte — among Brazil's oldest digital-banking pioneers (digital transformation 2014-2017).
- 40M customers (Q2 2025) + 8.3% Pix market share + R$1.2T transacted volume.
- NASDAQ + B3 dual-listed as Inter&Co (INTR ticker).
- Q1 2025 R$287M (~$51M) profit (+57% YoY) — strong profitability growth.
- Menin family controlling shareholders + SoftBank Vision Fund early backer.
- Multi-product super-app: Banking + Invest + Insurance + Marketplace + Shop + Cripto + Global Account.
- Global Account (US dollar account) — distinctive Brazilian-product cross-border feature.
- Zero-fee digital-banking pioneer in Brazil.
Comparison
| Feature | Banco Inter | [[nubank]] | [[picpay]] | C6 Bank | PagBank (PagSeguro) |
|---|---|---|---|---|---|
| Operator | Inter&Co (NASDAQ: INTR + B3: INTR) | Nu Holdings Ltd (NYSE: NU) | J&F Investimentos subsidiary | C6 Bank (JPMorgan 46%) | PagSeguro Digital (NYSE: PAGS) |
| Type | Multi-product digital bank + Global Account | Neobank | P2P super-app | Digital bank | Digital bank + SMB payments |
| Customers (2025) | 40M (Q2) | 131M (110M BR) | 65.6M | 25M | Substantial |
| Banking license | Full Brazilian bank (since 1994) | Full BR + MX + CO | Brazilian payment institution | Full Brazilian bank | Full Brazilian bank |
| Listing | NASDAQ + B3 dual | NYSE NU | Private (J&F) | Private (JPMorgan 46%) | NYSE PAGS |
| Distinctive | Multi-product + Global Account US dollar account | Roxo credit card heritage + LATAM expansion | J&F family + Pix-early-mover | JPMorgan-backed wealthier-client focus | SMB merchant focus |
Status
Active, leading Brazilian digital bank with US-listed presence [1, 3]:
- Inter&Co (NASDAQ: INTR + B3: INTR) — full Brazilian banking license since 1994.
- 40 million customers (Q2 2025) + 8.3% Pix market share + R$1.2T+ transacted volume.
- Q1 2025 R$287M (~$51M) profit (+57% YoY).
- Multi-product super-app: Banking + Invest + Insurance + Marketplace + Shop + Cripto + Global Account.
Sources
- 1 Inter&Co — Wikipedia
- 2 Banco Inter — official
- 3 Banco Inter digital identity — WhiteSight
- 4 Inter&Co Our Story
- br-cro In-corpus:
reports/countries/BR-brazil.md - pix-cro In-corpus:
reports/standards/pix.md
Source
Biography extracted from banco-inter.md. See matrix.md for standards-support matrix if present.