INTR - Inter&Co doubles down on SMEs through acquisition of Granito | Benzinga
BELO HORIZONTE, Brazil, May 28, 2024 (GLOBE NEWSWIRE) -- Inter&Co Inc. (NASDAQ:INTR, B3: INBR32)), announces that Banco Inter S.A. entered into a share purchase agreement to acquire the remaining 50 percent of Granito, a merchant acquirer that provides financial services to more than 100,000 SMEs across Brazil. This transaction will bolster Inter's portfolio, generate operational synergies, and facilitate cross-selling opportunities within its robust financial super app.
The transaction strengthens Inter's position as a preferred partner for entrepreneurs and businesses in Latin America's largest economy. Leveraging Granito's extensive SME offerings, Inter reinforces its value proposition as an end-to-end digital platform, further enhancing its ecosystem.
"By fully owning Granito, we will further enhance our value proposition to our customers, making our financial ...