Inter&Co provides financial and digital commerce services through its ‘super-app’ to more than 25 million users across Brazil and the US. The app includes banking, investment, credit, insurance and cross-border payments services, as well as a retail marketplace.
YellowFi is a mortgage originator and fund manager that aims to democratise access to real estate investing. Its managed fund, Brickell Bay Mortgage Opportunity Fund LP, has invested in residential mortgage loans across the United States since 2018.
Inter&Co says the deal enables the firm to expand the “suite of solutions offered to clients that want to save, transact and invest in the United States by enabling them to invest in the US real estate sector through YellowFi’s managed fund”.
This bolt-on transaction illustrates Inter’s approach to inorganic growth and the expansion of products offered to growing base of clients.