Announced

Completed

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

Synopsis

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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