Business

Brazilian fintech Banco Inter reaches 6 million users

The fintech's stock chare price on Bovespa had a spike with the announcement

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Brazilian neobank Banco Inter has reached the mark of 6 million users amid the COVID-19 pandemic, it has announced on its social networks.

With the announcement, its share price on Bovespa, the biggest stock market in Brazil, had a spike.

Screenshot/Google

The search for fintechs is growing, mainly because of digital facilites amid a social distancing period. Also, Banco Inter, alongside with Nubank and other neobanks are also acting as middlemen to the Brazilian government’s emergency aid to mitigate losses from the COVID-19 economic crisis.