Brazilian Fintech Inter&Co. says it has now surpassed 30 million users, an increase of 24% year over a year.
Inter&Co. is a “super app” that provides a range of financial services like payments, credit, insurance and investments.
João Vitor Menin, CEO of Inter&Co, said the user metric validates their business offering.
“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.”
Inter&Co aims to serve more than 60 million customers by 2027.
At the end of Q3, Inter&Co reported net income of R$104 million, up 62% quarter-over-quarter, and a record activation rate of 52.7%. Total gross revenue was said to have grown by 39% year-on-year to R$2.1 billion.
In the past year, Inter&Co expanded services into the US market with dollar-based products.
