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


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