Year-to-date gain: 139.86 percent; market cap: US$ 2.134 billion; present share cost: US$ 5.31
Next on our list of leading NASDAW Fintech stocks is Brazilian digital bank Inter & & Co, which through its Super App offers monetary and digital commerce services to more than 29 million clients. The app uses banking, financial investments, credit, insurance coverage and cross-border services, and a market of sellers in Brazil and the United States.
The business submitted its financial Q1 2023 report in early Might, revealing overall gross profits were up 6 percent quarter-over-quarter and up 41 percent year-over-year. In its Q2 report launched in mid-August, Inter set up another 33 percent year-over-year boost for its overall gross profits, and accomplished a variety of significant success turning points for the business.
Released in November, its Q3 represented an extension of this favorable momentum in strong financials for the business. “Quarter after quarter, we are revealing that we have actually produced a virtuous cycle: the more worth we provide to customers, the more they reward us with their service throughout our varied banking platform.” specified Inter & & Co CEO João Vitor Menin. “As our scale and success grows, we are empowered to continue innovating, and the cycle begins once again.”
Shares in Inter & & Co increased from a low of US$ 1.37 on March 23 to a year-to-date high of US$ 5.95 on November 21.