Inter&Co reports Q2 revenue R$1.9B, up 33% year-over-year

Joao Vitor Menin, CEO of Inter&Co said: “This quarter marks an inflection point in our company’s history – it was a quarter of records, with significant achievements across many fronts. We have all cylinders firing in the right direction, showcasing Inter at its best. We reported an significant combination of top- and bottom-line figures, expanding our profitability by 14x on a quarterly basis, reaching R$80 million in Earnings Before Tax, and R$ 64 million in Net Income. These profitability levels are absolute records, representing the strong potential of our franchise. In addition to the strong financial performance, we also gained a record number of net new active clients, increased activation rate, and continued our innovation path through the launch of our new rewards program, Inter Loop, and our Global App.”