How Brazil’s SoftBank-backed Banco Inter aims to supercharge loan growth
SAO PAULO (Reuters) – Brazil’s Banco Inter SA , a SoftBank-backed online lender that has seen rapid growth thanks to its free checking accounts, is preparing to launch a smartphone app offering food delivery and ride hailing, its chief executive told Reuters.
The bank has seen deposits skyrocket in recent years but remains a relative bit player in Latin America’s largest economy.
By Carolina Mandl via KFGO