{"id":765730,"date":"2023-06-23T09:28:36","date_gmt":"2023-06-23T13:28:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/interco-marks-one-year-on-nasdaq\/"},"modified":"2023-06-23T09:28:36","modified_gmt":"2023-06-23T13:28:36","slug":"interco-marks-one-year-on-nasdaq","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/interco-marks-one-year-on-nasdaq\/","title":{"rendered":"Inter&amp;Co Marks One Year on Nasdaq"},"content":{"rendered":"<h2>\nWith 1.7 million global users in one year since its Nasdaq listing, Inter&amp;Co lays out its plans for the future<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">BELO HORIZONTE, Brazil, June  23, 2023  (GLOBE NEWSWIRE) &#8212; Inter&amp;Co, Inc (Inter), (NASDAQ: INTR | B3: INBR32), the premier Super App which provides financial and digital commerce services to more than 26 million customers, today announced key significant milestones and achievements in the year since its listing of its Class A Common Shares on Nasdaq on June 23, 2022.<\/p>\n<p align=\"justify\">Considered one of the top players in the Brazilian fintech market, Inter has demonstrated a consistent growth trajectory while expanding its successful model and platform to the US. In just a year, the company has already reached 1.7 million global users with more than $USD 200 million in deposits plus investments. These achievements are a testament to the strength of the performance of the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qO0QTYzk0iZPkqqUbDEedRt_zTO8JtFSAWga8Flgx6cMAIJyLLPmkup4VBHBm5uqsbOOHrnOYeJyt6HndsLyug==\" rel=\"nofollow noopener\" target=\"_blank\">Inter Global<\/a> business vertical, the company\u2019s latest initiative and product suite that provides consumers with a US bank account and debit card. Global users also have the ability to send remittances, make investments, pay bills, buy gift cards from US brands, and take out mortgages. Looking ahead, Inter remains focused on continuing the success of the current products by introducing additional features to the US market, such as credit cards and insurance products all within a single Super App.\u00a0\u00a0<\/p>\n<p align=\"justify\">This move follows the first anniversary of Inter&#8217;s migration from B3 to Nasdaq, a decision that demonstrated the company&#8217;s commitment to innovation and its long-term vision for the global market. \u201cLeveraging our brand strength, technology, and entrepreneurial mindset, we are proud to celebrate our one-year listing anniversary on Nasdaq, with significant milestones in our global expansion,\u201d said Inter&amp;Co CEO Jo\u00e3o Vitor Menin. \u201cAs we replicate our Super App\u2019s success in the US, we have witnessed robust client adoption and engagement, only affirming our confidence in the company\u2019s ability to deliver best-in-class products to simplify the lives of millions of users beyond Brazil.\u201d<\/p>\n<p align=\"justify\">\u201cInter Global has exceeded our expectations, growing at a much faster pace than anticipated, using a lean investment approach and avoiding customer acquisition costs,\u201d said Santiago Stel, Inter\u2019s Strategy and IR Officer. \u201cWe\u2019ve seen remarkable performance driven by an engaged client base, and a tech platform that has enabled seamless expansion into the US market with efficiency. Notably, this achievement has been made possible with minimal investments, rapid adoption, and by leveraging our existing capabilities.\u201d<\/p>\n<p align=\"justify\">Inter recently released its Q1 2023 earnings results, which garnered positive market attention with highlights in operational efficiencies and successful client activation strategies. The efficiency ratio reached 62% in the period, 9.5 percentage points less than a year ago. Meanwhile, more than 65% of active customers consume three or more Inter products. The company also reported a robust first quarter in 2023 in terms of total gross revenue, which reached R$1.8 billion, up 41% year-over-year (YoY). Since the latest earnings release on May 8<sup>th<\/sup>, INTR stocks grew 71%.<\/p>\n<p align=\"justify\">\n        <strong>About Inter&amp;Co\u2009\u2009 <\/strong>\n      <\/p>\n<p align=\"justify\">Inter&amp;Co\u2009is the holding company of Inter Group and indirectly holds all of Banco Inter\u2019s\u2009shares.\u2009\u2009 Inter is the premier Super App providing financial and digital commerce services to more than 26 million customers. We offer a complete range of solutions, including banking, investments, credit, insurance and cross-border services, in addition to a marketplace that brings together the best retailers in Brazil and the United States.<\/p>\n<p align=\"justify\">\n        <strong>Contacts<\/strong>:<\/p>\n<p align=\"justify\">Ideal\u00a0\u00a0<\/p>\n<p align=\"justify\">\n        <strong>Amanda Shareghi\u00a0<\/strong>\u00a0<\/p>\n<p align=\"justify\">M +1 831 818 2893 \/ +1 213 631 5437\u00a0<\/p>\n<p align=\"justify\">amanda.shareghi@ideal.pr\u00a0<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MzU2NCM1NjYyMTQwIzIyNTEyMTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjgwNTEyOGMtMmU2Ni00ODY2LTkyZWUtZmQyNTNlMTIxYTI5LTEyNjI3Njg=\/tiny\/Inter-Co-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>With 1.7 million global users in one year since its Nasdaq listing, Inter&amp;Co lays out its plans for the future BELO HORIZONTE, Brazil, June 23, 2023 (GLOBE NEWSWIRE) &#8212; Inter&amp;Co, Inc (Inter), (NASDAQ: INTR | B3: INBR32), the premier Super App which provides financial and digital commerce services to more than 26 million customers, today announced key significant milestones and achievements in the year since its listing of its Class A Common Shares on Nasdaq on June 23, 2022. Considered one of the top players in the Brazilian fintech market, Inter has demonstrated a consistent growth trajectory while expanding its successful model and platform to the US. In just a year, the company has already reached 1.7 million global users &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/interco-marks-one-year-on-nasdaq\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Inter&amp;Co Marks One Year on Nasdaq&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765730","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inter&amp;Co Marks One Year on Nasdaq - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/interco-marks-one-year-on-nasdaq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inter&amp;Co Marks One Year on Nasdaq - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"With 1.7 million global users in one year since its Nasdaq listing, Inter&amp;Co lays out its plans for the future BELO HORIZONTE, Brazil, June 23, 2023 (GLOBE NEWSWIRE) &#8212; Inter&amp;Co, Inc (Inter), (NASDAQ: INTR | B3: INBR32), the premier Super App which provides financial and digital commerce services to more than 26 million customers, today announced key significant milestones and achievements in the year since its listing of its Class A Common Shares on Nasdaq on June 23, 2022. Considered one of the top players in the Brazilian fintech market, Inter has demonstrated a consistent growth trajectory while expanding its successful model and platform to the US. 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Considered one of the top players in the Brazilian fintech market, Inter has demonstrated a consistent growth trajectory while expanding its successful model and platform to the US. 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