Banco Inter is the bank that reached the highest valuation at the stock exchange

The incorporation of Softbank as shareholder last month boosted the stocks of the fintech

30.Aug.2019 16:00 BRT

Banco Inter’s stocks registered an increase of 447.54% in 12 months;
In July, the fintech received a contribution of BRL 1.25 billion, of which BRL 760 million were raised by Softbank.

With a contribution of close to BRL 800 million from the Japanese conglomerate Softbank, which went on to become a part of the shareholders’ group at the fintech last month, Banco Inter has ambitious plans of expansion. With almost 3 million clients as its base and the recent bet on the super app model, Inter reached the milestone of most-valued bank in the stock exchange, compared to national and foreign banks.

In 12 months, the rise of the fintech’s shares was 447.54%, according Valor Econômico‘s data. The index represents the highest general valuation in the stock market.

Regarding the sustainability of the business model, which for some analysts is a significant point, João Vitor Menin, president of Inter, is backed by the experience of the company. “We are not a startup growing with losses. We are a bank that has been operating for 15 years and with the additional operation as a fintech,” explained the executive to Valor.

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In five months, Inter added a million users to its client base, one of the indicators that is attracting investors the most. Taking into account a period of one year, starting in April of 2018, the fintech went from 435 thousand accounts to 2 million.