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.
Same company
Inter was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
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
11 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.