Inter & Co, Inc. (NASDAQ: INTR)

Inter&Co is a financial technology company operating a digital financial SuperApp in Brazil and internationally. The company provides integrated banking commerce and financial services through its mobile platform enabling users to manage finances make payments access credit invest purchase insurance and engage in loyalty programs. Inter&Co aims to deliver a seamless digital experience that combines traditional banking capabilities with fintech innovation.

Inter&Co generates revenue through multiple streams across its business verticals. These include interest income from lending activities in the Credit vertical transaction fees from Banking & Spending services such as PIX and card payments commissions from the Insurance Brokerage vertical fees from investment products and asset management in the Investments vertical revenue from e-commerce transactions in the Inter Shop vertical foreign exchange and payment service fees in the Global vertical and enhanced engagement driven monetization across all verticals through the Loyalty program.

The company operates through the following segments: Banking & Spending Credit Inter Shop Investments Insurance Brokerage Global and Loyalty.

• Banking & Spending: This segment provides a fully digital account enabling bill payments fund transfers withdrawals debit card usage and instant payments via PIX for individuals and small businesses.

• Credit: This segment offers lending solutions including real estate SMB payroll and personal loans and credit cards to help clients fund their financial needs.

• Inter Shop: This segment operates an e commerce marketplace within the SuperApp offering a broad product suite personalized promotions secure transactions and integrated payment options including Buy Now Pay Later.

• Investments: This segment provides an all in one investment platform featuring fixed income products stock trading for Brazil and the U S investment funds cryptocurrencies savings accounts and Tesouro Direto supported by educational resources and advisory tools.

• Insurance Brokerage: This segment offers 26 different types of insurance solutions through a simple integrated experience with partnerships to distribute products from providers such as Yelum Seguros and HDI Seguros.

• Global: This segment delivers foreign exchange international remittance services and financial products for Brazilian clients abroad and U S residents including digital USD accounts remittances and investment access.

• Loyalty: This segment operates a rewards program called Loop Points that allows users to earn and redeem points across all verticals for options such as cashback discounts in Inter Shop airline miles and other rewards.

Inter&Co holds a significant position in Brazil's competitive financial services market differentiating itself through its integrated SuperApp model. In Banking & Spending and Credit it competes with traditional banks like Santander Banco do Brasil Bradesco and Itaú as well as digital banks such as Nubank and Original. For Inter Shop key competitors include Méliuz and Mercado Livre. In Investments it faces competition from XP Guide and Sofis. The Insurance Brokerage vertical contends with Wiz in bank insurance while Global operations compete with Revolut Remessa Online Wise and Western Union. The Loyalty program operates alongside direct competitors like Livelo and Esfera with indirect competition from airline loyalty programs. Inter&Co's competitive advantages stem from its technology platform proprietary data analytics and a self reinforcing flywheel that drives engagement and cross selling.

Inter&Co serves a diverse customer base primarily consisting of individuals and small to medium sized businesses in Brazil. As of December 31 2025 the company had over 43 million total clients representing approximately 29% of Brazil's adult population with approximately 25.0 million active customers contributing to its funding base. The platform also supports international users through its Global vertical serving Brazilian customers abroad and U S residents.