# Banco Inter (Inter&Co)

> Source: https://docs.barcoder.ai/docs/wallets/banco-inter
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Banco Inter — official](https://www.bancointer.com.br/)

## Overview

**Banco Inter** (corporate brand **Inter&Co**) is **Brazil's leading multi-product digital bank**, listed on **NASDAQ: INTR + B3: INTR** <sup>[1][1], [2][2], [Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup>. By **Q2 2025**, Inter reached **40 million customers** with **R$1.2+ trillion transacted through credit + debit + Pix** + **8.3% Pix market share**. **Q1 2025: 57% YoY net income growth (R$287M / ~$51M quarterly profit)**. Credit portfolio expanding rapidly with NPL at 4.6%.

Originally founded **1994 as a paper-based credit bank**, Inter pioneered Brazilian zero-fee digital banking + super-app expansion (banking + investments + insurance + marketplace).

## History

**1994 — Banco Intermedium founded** [[wiki-inter]] as paper-based credit bank in Belo Horizonte, Brazil.

**2014-2017 — Digital transformation + zero-fee retail banking pivot** <sup>[2][2]</sup>.

**2018 — Banco Inter IPO on Brazilian stock exchange** [[wiki-inter]].

**2022 — Migrated US listing to NASDAQ (INTR)** [[wiki-inter]]: Dual-listed BR + US.

**2024-2025 — Rapid customer growth** <sup>[3][3]</sup>: 36M+ → 40M (Q2 2025).

**Q1 2025 — R$287M (~$51M) quarterly profit (+57% YoY)** <sup>[3][3]</sup>.

**Q1 2025 — 8.3% Pix market share + R$1.2T+ transacted volume** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **Inter&Co** (NASDAQ: INTR + B3: INTR).

**Controlling shareholders**: **Menin family** (founding family).

**Major investors**: **SoftBank Vision Fund** (early backer), broad institutional + public float (NASDAQ + B3 dual listing).

**Regulator**: **Banco Central do Brasil (BCB)** — full Brazilian banking license.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Inter mobile app (iOS + Android) + Inter web |
| **Identifiers** | CPF + email + phone + card + Pix keys |
| **Brazilian rail** | **[Pix](https://docs.barcoder.ai/docs/standards/pix)** (8.3% market share Q1 2025) |
| **Card networks** | Mastercard + Visa (Inter-issued cards) |
| **Sub-products** | Banco Inter retail banking + Inter Invest (brokerage) + Inter Seguros (insurance) + Inter Marketplace (e-commerce) + Inter Shop + Inter Cripto + Global Account (US dollar account) |

## Users & growth

**2025** <sup>[1][1], [3][3]</sup>:
- **Customers (Q2 2025)**: 40 million
- **Customers (Q1 2025)**: 37.7 million
- **Pix market share**: 8.3%
- **Total transacted volume**: R$1.2+ trillion (credit + debit + Pix)
- **Q1 2025 net income**: R$287M (~$51M; +57% YoY)
- **NPL**: 4.6% (healthy)

## Use cases

Daily Brazilian retail banking (savings + deposits + credit); Pix transfers; Inter Invest (brokerage including US stocks); Inter Seguros (insurance distribution); Inter Marketplace (e-commerce); Inter Shop (cashback); Inter Cripto (crypto trading); Global Account (US dollar account for international transactions).

## Implementations & partners

**Operator**: **Inter&Co** (NASDAQ: INTR + B3: INTR).

**Major investors**: **SoftBank Vision Fund** + public float.

**Major Brazilian competitors**: **[Nubank](https://docs.barcoder.ai/docs/wallets/nubank)** (NYSE: NU; 110M BR customers), **[PicPay](https://docs.barcoder.ai/docs/wallets/picpay)** (65.6M), **C6 Bank** (25M), **PagBank (PagSeguro)**, **Itaú + Bradesco + Santander BR** (traditional banks).

**Regulator**: **BCB**.

## Fun facts

- **1994 founded as paper-based credit bank Banco Intermedium** in Belo Horizonte — among Brazil's oldest digital-banking pioneers (digital transformation 2014-2017).
- **40M customers (Q2 2025) + 8.3% Pix market share + R$1.2T transacted volume**.
- **NASDAQ + B3 dual-listed** as Inter&Co (INTR ticker).
- **Q1 2025 R$287M (~$51M) profit (+57% YoY)** — strong profitability growth.
- **Menin family controlling shareholders** + **SoftBank Vision Fund** early backer.
- **Multi-product super-app**: Banking + Invest + Insurance + Marketplace + Shop + Cripto + Global Account.
- **Global Account (US dollar account)** — distinctive Brazilian-product cross-border feature.
- **Zero-fee digital-banking pioneer in Brazil**.

## Comparison

| Feature | Banco Inter | [Nubank](https://docs.barcoder.ai/docs/wallets/nubank) | [PicPay](https://docs.barcoder.ai/docs/wallets/picpay) | C6 Bank | PagBank (PagSeguro) |
|---|---|---|---|---|---|
| Operator | **Inter&Co (NASDAQ: INTR + B3: INTR)** | Nu Holdings Ltd (NYSE: NU) | J&F Investimentos subsidiary | C6 Bank (JPMorgan 46%) | PagSeguro Digital (NYSE: PAGS) |
| Type | **Multi-product digital bank + Global Account** | Neobank | P2P super-app | Digital bank | Digital bank + SMB payments |
| Customers (2025) | **40M (Q2)** | 131M (110M BR) | 65.6M | 25M | Substantial |
| Banking license | **Full Brazilian bank (since 1994)** | Full BR + MX + CO | Brazilian payment institution | Full Brazilian bank | Full Brazilian bank |
| Listing | **NASDAQ + B3 dual** | NYSE NU | Private (J&F) | Private (JPMorgan 46%) | NYSE PAGS |
| Distinctive | **Multi-product + Global Account US dollar account** | Roxo credit card heritage + LATAM expansion | J&F family + Pix-early-mover | JPMorgan-backed wealthier-client focus | SMB merchant focus |

## Status

**Active, leading Brazilian digital bank with US-listed presence** <sup>[1][1], [3][3]</sup>:
- **Inter&Co (NASDAQ: INTR + B3: INTR)** — full Brazilian banking license since 1994.
- **40 million customers (Q2 2025) + 8.3% Pix market share + R$1.2T+ transacted volume**.
- **Q1 2025 R$287M (~$51M) profit (+57% YoY)**.
- **Multi-product super-app**: Banking + Invest + Insurance + Marketplace + Shop + Cripto + Global Account.

## Sources

[1]: https://en.wikipedia.org/wiki/Inter%26Co "Inter&Co — Wikipedia"
[2]: https://www.bancointer.com.br/ "Banco Inter — official"
[3]: https://whitesight.net/banco-inter-carving-a-distinct-digital-identity-in-brazils-banking-landscape/ "Banco Inter digital identity — WhiteSight"
[4]: https://investors.inter.co/en/inter-co/our-story/ "Inter&Co Our Story"
[wiki-inter]: https://en.wikipedia.org/wiki/Inter%26Co "Inter&Co — Wikipedia"
[br-cro]: https://docs.barcoder.ai/docs/payments/BR
[pix-cro]: https://docs.barcoder.ai/source/standards/pix

- [1] [Inter&Co — Wikipedia][1]
- [2] [Banco Inter — official][2]
- [3] [Banco Inter digital identity — WhiteSight][3]
- [4] [Inter&Co Our Story][4]
- <sup>[Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup> In-corpus: `reports/countries/BR-brazil.md`
- [pix-cro] In-corpus: `reports/standards/pix.md`

## Source

Biography extracted from [banco-inter.md](https://docs.barcoder.ai/source/wallets/banco-inter). See `matrix.md` for standards-support matrix if present.