Inter & Co., Inc. (NASDAQ: INTR) received approval from the Florida Office of Financial Regulation and the Federal Reserve to establish a state‑licensed international banking branch in Miami. The approval, announced on January 16, 2026, allows the Brazilian digital bank to operate a U.S. branch that will serve both individuals and businesses, positioning Inter as a global financial super‑app.
Inter’s recent financial performance underscores the strategic timing of the expansion. In 2024 the company reported revenue of $4.60 billion, up 43.28% year‑over‑year, and earnings of $907 million, a 200.03% jump. In the first three quarters of 2025, net income rose from $57.8 million in Q2 to $336 million in Q3, reflecting a 39% year‑over‑year increase. These results demonstrate a robust growth engine that the U.S. branch will help accelerate.
The U.S. branch is designed to tap into the sizable remittance and payment market that Inter serves through its digital platform. By establishing a physical presence in Miami, the company can offer its full suite of banking, credit, investment, insurance, and payment services to U.S. customers, while leveraging its existing digital infrastructure to deliver a seamless, digital‑first experience. The move also supports Inter’s goal of scaling high‑margin products—such as private payroll and other fintech services—beyond Brazil and into other international markets.
Inter’s revenue mix is dominated by its Banking & Spending segment, which includes core deposit and payment services. The company also generates income from Investments, Insurance Brokerage, and Inter Shop. The new U.S. branch will primarily feed the Banking & Spending segment, expanding Inter’s reach to U.S. consumers and businesses that rely on cross‑border payments and digital banking solutions.
Global CEO João Vitor Menin said, “This milestone strengthens our position as a global platform and enables us to deliver even more value to our clients across borders. The U.S. branch allows us to scale our offering, deliver greater value to our clients, and strengthen Inter’s position in the international financial system.”
Strategically, the approval places Inter among a select group of international institutions permitted to operate a U.S. banking branch, enhancing its competitive position against domestic and other global fintech players. The U.S. presence also provides a foothold for future expansion into additional markets, potentially unlocking new revenue streams from fee‑based and interest‑earning activities while reinforcing Inter’s brand as a leading digital bank in Brazil and beyond.
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