The Company has rebranded its recently
acquired remittances business to Inter and plans to expand its
Super App services in US, in addition to offering cross-border
transactions
BELO
HORIZONTE, Brazil, Sept. 16,
2022 /PRNewswire/ -- Inter&Co (Nasdaq: INTR), a
leading digital bank offering financial and non-financial services
to more than 20 million customers in Brazil and US, announced today that USEND, a
US fintech company specializing in remittances, that was recently
acquired, is now rebranded Inter.
Inter offers its services to a growing client base of more than
150,000 customers across 40 states in the US. As a digital
money transfer platform, it facilitates cross-border payments
securely and quickly through its App.
Today, Inter's remittances business services are currently
available for cross-border payments originating in the United
States, Brazil, and Canada, to more than 60
destination countries. Inter also offers a global account to
Brazilian customers living abroad that need an account in US
dollars. With the rebranding, clients will have an improved
interface and navigability. The fintech also plans to offer some of
the capabilities and products its Super App in Brazil already has, including e-gifts,
cashback and a marketplace.
"With the launch of the international account for Brazilians, we
are revolutionizing once again the way people transact with banks.
Our customers are now able to hold an account in a foreign
currency, allowing for greater freedom as they travel, shop abroad
or consume services. They transfer funds from their local accounts
to the US-dollar account all within seconds in one single app. This
model will soon be replicated for our US-based customers, expanding
the revolution to the US market," said Inter CEO, João Vitor Menin.
Inter's expansion plan in the US will focus on further
consolidating its remittances and cross-border payments for
Brazilians living in the US and those traveling abroad, as well as
expand to other underserved immigrant populations. "We know the
Brazilian customer very well and Inter's U.S. strategy will target
this market first. Next, we will offer our remittances product to
other immigrants, and the international account to US residents. US
customers will gain access to many of the features of Inter's Super
App, including gift cards, cashback, shopping, along with banking
and investments. We are very excited to introduce our successful
Super App to the US market," stated João.
About Inter&Co
Inter&Co is the holding company of Inter Group and
indirectly holds all of Banco Inter's shares. Inter is a digital
bank that simplifies people's lives, where everything is integrated
in a single app. Inter offers a complete range of services in
banking, investments, credit, insurance and cross-border services,
in addition to a marketplace that brings together the best
retailers in Brazil and
the United States. Inter&Co is
listed on Nasdaq under the ticker INTR.
Contacts:
Grayling
Lucia Domville
/ Fabiane Goldstein
M +1 646. 824.2856/ +1 945.625.4793
lucia.domville@grayling.com / fabiane.goldstein@grayling.com
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SOURCE Inter&Co