- Inter & Co ( NASDAQ: INTR ) said Tuesday it acquired YellowFi , a mortgage originator and fund manager, to expand its suite of solutions by enabling clients to invest in the U.S. real estate sector through YellowFi's managed fund.
- Brickell Bay Mortgage Opportunity Fund has invested in residential mortgage loans across the U.S. since 2018.
- YellowFi will benefit from Inter's ( INTR ) global account solution, which has accumulated over $100M in deposits and investments.
- Cassio Segura, partner at YellowFi, will join Inter's ( INTR ) executive team.
- "We are adding complementary capabilities that are capital-light and that can easily be plugged into our ecosystem, as well as acquiring talent and product expertise," said Inter ( INTR ) CEO João Vitor Menin.
- Earlier, StoneCo sold its entire stake in digital bank Banco Inter for R$218M .
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Inter & Co acquires mortgage originator, fund manager YellowFi