Year-to-date gain: 139.86 percent; market cap: US$2.134 billion; current share price: US$5.31
Next on our list of top NASDAW Fintech stocks is Brazilian digital bank Inter & Co, which through its Super App provides financial and digital commerce services to more than 29 million customers. The app offers banking, investments, credit, insurance and cross-border services, and a marketplace of retailers in Brazil and the United States.
The company filed its fiscal Q1 2023 report in early May, showing total gross revenues were up 6 percent quarter-over-quarter and up 41 percent year-over-year. In its Q2 report released in mid-August, Inter put up another 33 percent year-over-year increase for its total gross revenues, and achieved a number of major profitability milestones for the company.
Published in November, its Q3 represented a continuation of this positive momentum in strong financials for the company. “Quarter after quarter, we are showing that we have created a virtuous cycle: the more value we offer to clients, the more they reward us with their business across our diversified banking platform.” stated Inter & Co CEO João Vitor Menin. “As our scale and profitability grows, we are empowered to continue innovating, and the cycle starts anew.”
Shares in Inter & Co rose from a low of US$1.37 on March 23 to a year-to-date high of US$5.95 on November 21.
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