Inter&Co doubles down on SMEs through acquisition of Granito

Group 1 - Inter&Co Inc. announces the acquisition of the remaining 50% of Granito, a merchant acquirer serving over 100,000 SMEs in Brazil, for $110 million BRL [1][3] - This acquisition is expected to enhance Inter's portfolio, generate operational synergies, and create cross-selling opportunities within its financial super app [1][2] - The transaction aims to strengthen Inter's position as a preferred partner for entrepreneurs in Brazil, reinforcing its value proposition as a comprehensive digital platform [2][3] Group 2 - The acquisition will rename Granito to Inter Pag and is part of Inter's strategy to disrupt the financial services industry by providing a full suite of solutions for business owners [3] - The completion of the transaction is subject to approval by the Central Bank of Brazil and other regulatory conditions [4] - Inter&Co serves over 32 million customers across the Americas, offering a wide range of financial services and a dynamic marketplace [5]