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New Deal


Announced

Completed

SoftBank-backed Banco Inter completed the acquisition of USEND for $157m.

Financials

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Transaction Value£114m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

Friendly

United States

Payments / Commerce

Private

Acquisition

money transfer

finance services

Cross Border

Completed

Synopsis

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SoftBank-backed Banco Inter, a Brazilian digital bank, completed the acquisition of USEND, a financial startup, for $157m. "Our digital account will allow the client to buy its air ticket, transfer US dollars to the international account and pay its expenses in the trip, all in a single app. And these are just the first steps. Our planning includes an international account for US residents that is scheduled to be launched in the second semester" João Vitor Menin, Inter CEO.

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