Inter & Co, Inc. (NASDAQ:INTR) Q3 2024 Earnings Conference Call November 14, 2024 1:00 PM ET

Company Participants

Joao Vitor Menin - Global Chief Executive Officer
Alexandre Riccio - Brazil Chief Executive Officer
Santiago Stel - Senior Vice President & Chief Financial Officer
Rafaela Vitoria - Chief Economist & IRO

Conference Call Participants

Tito Labarta - Goldman Sachs
Ricardo Buchpiguel - BTG
Pedro Leduc - Itaú BBA
Yuri Fernandes - JPMorgan
Gustavo Schroden - Citi
Neha Agarwala - HSBC

Operator

Good afternoon, and thank you for standing by. Welcome to Inter & Co's Third Quarter of 2024 Earnings Conference Call. Today's speakers are Joao Vitor Menin, Inter's Global CEO; Alexandre Riccio, Brazil CEO; Santiago Stel, Senior Vice President and CFO; and Rafaela Vitoria, Chief Economist and IRO.

Please be advised that today's conference is being recorded and a replay will be available at the company's IR website. At this time, all participants are in a listen-only mode. After the prepared remarks, there will be a question-and-answer session. [Operator Instructions]

Throughout this conference call, we will be presenting non-IFRS financial information. These are important financial measures for the company, but are not financial measures as defined by IFRS. Reconciliations of the company's non-IFRS financial information to the IFRS financial information are available in Inter & Co's earnings release and earnings presentation appendix. Today's discussion might include forward-looking statements which are not guarantees of future performance. Please refer to the forward-looking statements disclosure in the company's earnings release and earnings presentation.

Now, I would like to give the floor to Mr. Joao Vitor Menin. Sir, the floor is yours.

Joao Vitor Menin

Thank you, operator. Hello everyone. Thanks for joining us on our call today. As always, I will start with an overview at our strategy, before giving the floor to Xandre and Santi. Today, I would like to spend some time sharing my thoughts on how unique our financial Super App is. I see it as having three key dimensions: First, our differentiated platform. It is complete, has the best UX UI with a 4.8 rating in Apple Store. It goes far beyond banking and it is global by offering our products across many countries.

Second, the massive number of clients that transact with us. We're proud of having reached 35 million clients, producing a massive level of interaction inside our ecosystem, with for instance 15 million logins per day. And last, but not least, the high level of principality. As most of you know, the relationship with our clients starts with the digital account, which has helped us drive principality and from it drive upsell and cross-sell into credit and services. These two dimensions shows how powerful our platform is. It creates a strong network effect, that reinforce a virtual cycle that combines growth with profitability.