Banco Inter
Also a provider — view Banco Inter’s profile →“Can a full-stack Brazilian digital bank super-app extend its franchise into the US via a cross-border remittance and USD account for the Brazilian diaspora?”
Founded1994
HQBelo Horizonte, Minas Gerais, Brazil
FoundersRubens Menin
Latest roundPublicly traded (Nasdaq: INTR, B3: INBR32)
IndustryFintech / Neobank
The story
Founded in 1994 as Intermedium CFI, a traditional Brazilian bank. Pivoted in 2015 to become the country's first 100% digital, free-of-charge bank, riding the Brazilian neobank wave. Listed on B3 in 2018 and re-listed as Inter&Co on Nasdaq in 2022 via a corporate reorganization. Today operates a 'super app' spanning banking, credit, insurance, investments, FX/remittances, and a US arm (Inter&Co Payments) serving the Brazilian diaspora with cross-border money movement.
Last 12 months
Product timeline
1994
Founded as Intermedium CFI, a traditional bank in Belo Horizonte· banking
2015
Transitioned to a fully digital bank, becoming Brazil's first 100% digital, free bank· pivot
2018
IPO on B3 (Brazilian stock exchange)· ipo
2022
Corporate reorganization; Inter&Co listed on Nasdaq (INTR) as global holding· ipo
2023
Reported 25 million customers· banking
2026
Reported Q2 net income of R$421M (+34% YoY)· banking
Regulated entities
6
regulatory licences held by Banco Inter
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
12 layers disclosed in Banco Inter’s embedded-finance stack
Payments / PSP
Banco Inter (self-operated)Inter&Co Payments (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Insurance
in the full report
Open banking
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Investing
in the full report
Accounting
in the full report
Accounting gap: minor
21 more providers across 11 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.