Nasdaq-Listed Inter&Co Reshuffles Leadership to Fuel Banking Push
Digital bank Inter&Co has restructured its executive ranks and is winding down its Brazilian BDR program to streamline its global expansion.
US retail investors tracking the global fintech landscape are seeing a major consolidation of corporate structures as digital banking platforms mature. The shift from local, fragmented listings to streamlined US market presence is redefining how international financial technology companies manage their growth and governance.
In Brazil, digital banking powerhouse Inter&Co has executed a sweeping leadership restructuring to accelerate its next phase of expansion. Global CEO João Vitor Menin announced a new management model that elevates Senior Vice Presidents to the company's top executive roles. As part of the transition, Alexandre Riccio has been promoted to Chief Operating Officer and Executive Vice Chairman, while Francisco Santos takes over as Chief Growth Officer. The restructuring aims to drive operational efficiency and sustain the bank's high-growth trajectory.
The executive shake-up comes alongside a major corporate simplification designed to focus investor attention on its US-listed shares. Inter&Co, which migrated its primary shareholder base to the Nasdaq in June 2022, is winding down its Sponsored Level II Brazilian Depositary Receipt (BDR) program. Under a plan approved by Brazil's securities regulator, the CVM, the bank is executing a structured exit that offers local BDR holders the option to exchange their holdings for Nasdaq Class A shares. This move effectively consolidates its trading volume and corporate structure in New York.
Expanding the Super App Beyond Brazil
Inter&Co has grown from a regional credit institution into one of Latin America's largest digital banks, boasting more than 45 million customers as of August 2025. The company operates a "super app" that integrates traditional checking accounts, credit cards, investment services, insurance, and an e-commerce marketplace into a single platform.
While the bulk of its operations remain in Brazil, where it handles approximately 9% of all instant payments through the central bank’s Pix network, the company is actively targeting the US market. From its US headquarters in Miami, Florida, Inter&Co is marketing global accounts and financial services to Latin American expats and US residents. The bank has also used high-profile marketing, such as securing the naming rights to Inter&Co Stadium in Orlando, to build brand recognition among American consumers.
Financial Milestones and the "Rule of 50"
The leadership changes are geared toward meeting the company's ambitious financial targets. In its August 6, 2026, earnings release, Inter&Co reported record profitability for the second quarter of 2026, with net income rising 34% quarter-over-quarter to $81 million. Total net revenue reached $509.5 million, representing a 32% increase compared to the same period in the previous year.
The bank's strategy is guided by its "Rule of 50" framework, a metric borrowed from the software industry that targets a combined net revenue growth rate and return on equity (ROE) of at least 50%. In the second quarter of 2026, Inter&Co reached a combined score of 48.3%, driven by an ROE of 16.3% and its 32% revenue growth. By streamlining its executive ranks and focusing on high-margin credit products, such as payroll loans, management expects to consistently exceed this threshold.
In your brokerage app
Inter&Co is listed in New York on the Nasdaq under the ticker INTR. The stock is also a holding in broad-market international fintech exchange-traded funds (ETFs) and emerging market financial funds that track digital banking platforms in Latin America.