Business

Market roundup: Inter’s growth recipe

Brazilian bank Inter is working on a different strategy to competitors, targeting the U.S. and other developed countries

inter bank
Photo: Shutterstock

🔔 The dashboard: Brazil’s benchmark stock index Ibovespa lost 1.13 percent this week. Meanwhile, the Brazilian Real lost 1.92 percent against the U.S. Dollar this week. 

  • Biggest gains: Mafrig (food), +8.46 percent.
  • Biggest drops: Estácio Participações (education), -20.71 percent.

Inter has its sights set on the U.S. market

The first ever Brazilian company to migrate shares to a U.S. stock exchange, Inter & Co. – which encompasses Inter operations in Brazil and recently-acquired U.S.-based fintech Usend – expects to have 1 million customers using its global accounts by year-end. 

Why it matters. Inter follows the same growth recipe as other...

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