Inter & Co, Inc.

Inter is a financial technology company that aims to create value through a simple and integrated digital financial experience. The company operates a digital native financial SuperApp, bringing offline possibilities to clients' hands with digital convenience and scalability. Inter began as a digital bank, focusing on the client in a market it believed was ready for disruption. It combines the agility and innovation of a fintech with the credibility, funding potential, and expertise of a traditional bank. Inter's initial offering was a free digital bank account, aiming to democratize access to financial services. The company has grown to be a significant player in the Brazilian banking system, serving over 43 million total clients as of December 31, 2025. This client base represents approximately 29% of the adult population in Brazil. As of December 31, 2025, Inter had R$54,883.1 million in liabilities with customers, primarily from time and demand deposits. Its funding totaled R$72,919.6 million from approximately 25.0 million active clients. In 2025, the average accumulated Interbank deposit rate (CDI) in Brazil was 14.3%. Inter's Cost of Funding in 2025 was 9.3%, which was 65.3% of the average CDI during the same period. This cost advantage is attributed to a high concentration of deposits as a percentage of its funding.