Inter&Co Inc., a leading financial super app, reported its highest-ever net income of R$973 million for the year 2024, tripling its 2023 performance. The company experienced a 35% year-over-year increase in total net revenue, reaching R$6.4 billion, with gross revenues surpassing R$10 billion. With over 36 million customers and continued client engagement growth, Inter&Co's financial results underscore the increasing impact of digital payment platforms. The company's innovative approach and low-cost financial products continue to attract users, fostering a strong network effect across its diverse service offerings.

In other trading, Affirm Holdings (NasdaqGS:AFRM) was trading firmly up 21.8% and finishing the session at $75.22, near its 52-week high. In the meantime, REC (NSEI:RECLTD) trailed, down 4% to finish the session at ₹423.45.

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Best Digital Payment Stocks

• SoFi Technologies (NasdaqGS:SOFI) ended the day at $14.91 up 0.7%.
• Nu Holdings (NYSE:NU) closed at $13.73 down 0.4%.
• PayPal Holdings (NasdaqGS:PYPL) closed at $77.31 down 1.6%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Inter&Co Inc. Reports Highest Ever Net Income of R$973M in 2024" from Inter&Co, Inc on GlobeNewswire (published 06 February 2025)

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