Brazil's Super App pioneer Inter hits inflection point 🇧🇷; Credit card delinquencies show signs of stabilization 💳; Revolut’s ambitious 2025 strategy with AI, smart ATMs, & major credit push 😤

FinTech is Eating the World, 22 November

Hey Everyone,

Good morning & happy Saturday! We’re ending another incredible five days in FinTech on the weekend but it’s 100% worth the wait 😤 Today’s issue is especially hot as we’re looking into Brazil's Super App pioneer Inter that just hit an inflection point (unpacking their most important Q3 2024 numbers, what they mean, what’s next & whether Inter is worth your time and money now + bonus deep dive into its biggest competitor), credit card delinquencies that show signs of stabilization (what the latest data tells us, what this means for FinTech & what to expect next), and Revolut that just laid out its ambitious 2025 strategy (how AI, smart ATMs, & major credit push fit into Revolut’s play, why it matters for FinTech & banking industry + bonus reads on Revolut & co). So let’s just jump straight into the amazing stuff 🌶️

Brazil's Super App pioneer Inter hits inflection point as profitability takes flight 🟠🏦

Following the money 💸 Whenever you think about digital banking in Latin America, most people immediately think about Nubank NU 0.00%↑. And it’s not too surprising as NU is big, well-known globally, and super successful.

But what if I told you there’s another equally interesting digital bank out of LatAm? It’s called Inter INTR 0.00%↑ , and it recently published its latest financials that reveal the company's impressive transformation from a regional Brazilian bank to an integrated financial super-app with compelling unit economics and accelerating profitability metrics.

Let’s take a closer look at this, unpack the most important numbers, and see whether Inter is worth your time and money in 2024 and beyond.