INTR - Inter & Co: Financial Super App Faces A Growth Test In 2024

2024-04-03 14:51:07 ET

Summary

• Inter & Co is generating strong growth through its Fintech platform as a digital bank in Brazil.
• The company has expanded operations into the United States with a plan to double its client base over the next few years.
• While benefiting from solid fundamentals, a backdrop of high expectations in a highly competitive market should keep shares volatile.

Inter & Co, Inc. ( INTR ) has crossed our radar with a 230% rally over the past year, emerging as one of the hottest Fintech names in the market. The Brazilian bank has found success through its financial "Super App" which combines banking, payments, lending, investments, insurance, travel services, and even shopping with more than 30 million current clients....

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