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Inter Announces First Quarter 2022 ResultsThe Super App grew in all business segments, expanded client engagement and more than doubled total revenues BELO HORIZONTE-MG, Brazil, May 16, 2022 /PRNewswire/ -- Inter (B3: BIDI3, BIDI4 and BIDI11), a leading Brazilian super app, offering financial and non-financial services to more than 18 million customers, today reported financial results for its first quarter ended March 31, 2022. João Vitor Menin, Inter's CEO, said: "We kicked off the year with several milestones that will mark 2022 as a great year for Inter. We remain highly focused on client monetization, with our revenue per client increasing while the cost to serve decreases, thus having an accelerated momentum in expanding our margins per client. Our mission is to simplify people's lives, and the way we achieve this is by having a best-in-class team that shares the "sangue laranja" values. I'm convinced that our culture is stronger than ever and will be a key competitive advantage for Inter's success in the coming years Last week our shareholders approved the migration of our shares from B3 to Nasdaq, a transaction that will enable us to will enable us to access the largest capital market in the world, paving the road for additional funding sources as the company continues its solid growth pace. We are looking forward to ringing the bell at Nasdaq on June 23rd." Growth and Operational Highlights
2 Adjusted net profit does not consider negative effects from the CSLL tax rate changes Key Metrics and Recent Business Highlights Day to day banking
Credit
Investments
Insurance
Marketplace
Cross Border Services
About Inter More than a digital bank, this is a Super App that simplifies people's lives: Inter has reinvented itself and creates everyday products and services for its more than 18 million customers, whether that's taking care of people's finances, online shopping, sending money abroad or earning cashback. Everything comes together in the same app; it is simple and fully digital. Inter offers complete services in banking, investments, credit, insurance and remittances, in addition to a virtual mall that brings together the best retailers in Brazil and the United States. On January 25, 2022, Inter closed the acquisition of USEND, a US fintech specializing in offering financial and non-financial services to a growing client base of more than 150,000 customers across 40 states. Contacts: Grayling
View original content:https://www.prnewswire.com/news-releases/inter-announces-first-quarter-2022-results-301548515.html SOURCE Inter |