Deal Description

We were founded in September 1994 and began operations in 1995, providing personal loans to individuals and loans to individuals
working capital for small and medium-sized companies. From 1995 to 2007, we operated mainly in the State of Minas Gerais and increased
the scope of products including real estate credit.
In 2008, we received authorization from the Central Bank of Brazil to act as a Multiple Bank, which allowed us to carry out all
banking activities in Brazil. Therefore, we operate as a full service bank, offering financing, investments
and real estate credit. In 2012, we launched our activities
insurance brokerage, offering a wide range of insurance products to our clients. In 2013, we also created
our investment brokerage, regulated by the Securities and Exchange Commission (CVM).
From 1994 to 2014, we evolved from a finance company to a licensed bank, from a regional presence to a national presence and
from pure credit to credit and services. In 2015 we launched our 100% Digital Current Account, the most important milestone in our
history, our mission of change to be a full service digital bank. We improved our Digital Current Account in 2016,
offering Mastercard credit and debit cards and foreign exchange products. In 2017, we changed our brand to
to reflect the evolution of our business, with a simpler, shorter and more modern name, narrowing down the path we wanted to follow
In the next years.
In 2018, another important milestone was progress: we were the first digital bank to carry out an initial public offering (IPO)
in Brazil, on B3 – Bolsa, Brasil, Balcão. The Bank was a public company until 2022, when, in June of that year,
we completed our corporate reorganization and the Bank became a wholly indirect contribution of Co and, currently,
its Class A common shares and BDRs are listed on Nasdaq and B3, respectively, and, consequently, the Bank's shares
 are no longer traded on B3.
We implemented another major evolution of our strategy in 2019, when we started to offer a marketplace of non-standard products.
financial services, going beyond banking services with our new business vertical Inter Shop & Commerce Plus. Between 2019 and
2022, we had a huge growth in the number of customers (from 4 million in 2019 to more than 24 million in 2022) and a
continuous increase in the range of products offered. Therefore, we believe that Inter is much more than a bank, we are a Super
App, which allows customers to manage their finances and daily activities, through a simple and digital experience
integrated.
On January 14, 2022, we completed the acquisition of USEND (currently Inter&Co Payments), a financial technology company
headquartered in the United States and with operations in the United States, Brazil and Canada. Inter&Co Payments provides foreign exchange services
and payment, both international and domestic.
On January 24, 2023, we completed another acquisition in the United States of YellowFi Mortgage LLC, a company that owns,
manages and operates a mortgage origination and lending business primarily in the State of Florida and YellowFi
Management LLC, the company that manages and operates the Brickell Bay Mortgage Opportunity Fund, an investment fund in
residential mortgages.
Our goal is to extend the capabilities we developed in Brazil to new markets, starting in the USA, offering
solutions for Brazilians traveling abroad and for residents in the USA.

Attached Files