Inter&Co Surpasses 30 Million Clients, Accelerating Growth Toward Its Five-Year Business Plan
05 Diciembre 2023 - 9:03AM
Inter&Co, Inc. (Inter), (NASDAQ: INTR | B3: INBR32), a premier
Super App offering financial and digital commerce services, today
announced its client base has exceeded 30 million, marking a 24%
jump year over year. This significant milestone in number of
clients, including Brazilian and US customers, places the company
ahead of its "60-30-30 Business Plan", presented early in 2023,
which aims to reach 60 million clients by 2027 while maintaining a
30% efficiency ratio and achieving a 30% return on equity (ROE).
This announcement comes shortly after
unprecedented third-quarter earnings report, where Inter&Co
demonstrated a record net income of R$104 million, up 62%
quarter-over-quarter (QoQ), a record activation rate of 52.7%, and
revenue per active client of R$ 48. Total gross revenue also grew
by 39% year-on-year to R$2.1 billion.
"After delivering another record-breaking
quarter in 2023, reaching the milestone of 30 million clients
reinforces the success of our business model," said João Vitor
Menin, CEO of Inter&Co. "We have revolutionized the banking
market by launching the first 100% digital account in Brazil and
building a Super App integrated with the best solutions to empower
people to live a smarter financial life. We're sure the best is yet
to come."
Menin added: “The combination of growth and
profitability is the engine that powers our innovative capacity and
allows us to continue delivering long-term value to customers and
all our stakeholders. Inter has demonstrated exceptional momentum
in attracting clients ahead of schedule due to our seamless,
well-designed in-app experience, coupled with the convenience of
paying bills, saving, investing, shopping, and more in one place –
simplifying the lives of millions of users.”
In 2023, Inter continued the expansion of its
successful model and platform to the US through Inter&Co
Payments, providing consumers with access to U.S. dollar-based
products and services, including a Global Account with a debit card
and a marketplace featuring US brands. Today, nearly 2 million
clients access these products and services.
Looking ahead to 2024, Inter plans to continue
fueling the growth and engagement of its clients. A key strategy to
achieve this is Inter Loop, a loyalty program launched in May 2023,
which rewards customers with points for using their credit card.
These points can be exchanged for a series of benefits in Inter's
digital ecosystem, including cashback, discounts in the
marketplace, investments, and air miles.
About Inter&Co,
Inc.Inter&Co, Inc. is the holding company of Banco
Inter (Inter) and indirectly holds all of Banco Inter’s shares.
Inter is the premier Super App in Brazil, providing financial and
digital commerce services to over 30 million clients. Inter&Co
Payments offers a Global App platform and services in the US
through partnerships with other financial institutions. Together,
Inter and Inter&Co Payments provide a complete range of
solutions in investments, credit, insurance, and cross-border
services, as well as a marketplace that brings together top
retailers in Brazil and the United States.
Contact:Ideal for Inter&CoM +1 831 818 2893
/ +1 213 631 5437 IdealUS@ideal.pr
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