“Can a Brazilian digital super-app become the default cross-border banking platform for Latam customers in the US?”
Inter began life in 1994 as Intermedium, a small Brazilian credit institution. In 2015 it pivoted into a fully digital, no-fee retail bank — one of the first to do so in Brazil — and IPO'd on B3 in 2018. The 2021 USEND acquisition kicked off its US expansion, and the 2022 NASDAQ listing repositioned it as a cross-border super-app rather than a Brazil-only neobank. The 2026 Florida banking-branch approval marks the next leg: operating regulated US banking infrastructure alongside its Brazilian charter, with the explicit goal of becoming a cross-border financial OS for Brazilians and Latam customers in North America.
Inter discloses Banco Inter S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Inter does not disclose a bank charter of its own; its banking services are provided through Banco Inter S.A. (in-house).
Inter processes payments through Inter Pag (self-operated), Pix (Brazilian instant payments rail, self-operated) and Boleto issuance (self-operated). Disclosed money-movement rails: ACH, SWIFT and Pix.
Inter's cards are issued through Banco Inter S.A. (in-house).
Inter's lending and capital products are provided by Banco Inter S.A. (in-house).
Inter uses Banco Inter S.A. (in-house) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 6 layers in Inter's stack: Payments / PSP (Inter Pag (self-operated), Pix (Brazilian instant payments rail, self-operated) and Boleto issuance (self-operated)); Money movement (ACH, SWIFT and Pix); Banking / BaaS (Banco Inter S.A. (in-house)); Card issuing (Banco Inter S.A. (in-house)); Lending (Banco Inter S.A. (in-house), Capital de Giro (working capital loan), Capital de Giro FGI PEAC, Capital de Giro Pronampe and 1 other); FX & payouts (Banco Inter S.A. (in-house)).
Inter is founded in 1994 and headquartered in Belo Horizonte, Brazil (with US branch in Florida).
Get a read on where your own stack stands against Inter and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.