Inter
“Can a Brazilian digital super-app become the default cross-border banking platform for Latam customers in the US?”
Founded1994
HQBelo Horizonte, Brazil (with US branch in Florida)
Latest roundPublic (NASDAQ: INTR)
IndustryFintech / Neobank
The story
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.
Product timeline
1994
Founded as Inter (originally Intermedium), a traditional Brazilian credit institution.· founding
2015
Pivoted to a fully digital banking model, launching a no-fee digital checking account.· pivot
2018
IPO on B3 (Brazilian stock exchange).· ipo
2021
Acquired USEND, a California-based payments fintech, to enter the US market.· acquisition
2022
Listed on NASDAQ (ticker INTR) via corporate reorganization.· ipo
2026
Received US regulatory approval (Florida OFR + Federal Reserve) for an international banking branch in Florida.· banking
Regulated entities
3
regulatory licences held by Inter
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Inter’s embedded-finance stack
Payments / PSP
Inter Pag (self-operated)Pix (Brazilian instant payments rail, self-operated)Boleto issuance (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: minor
10 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.