In its quarterly report, Softbank showed that investments in Latin America returned JPNY219 billion (about US $1.98b) in profit in the three months to the end of June 2021. Highlighted in the report was a shift to focus on Latin America and away from investments in China.
"Softbank's commitment to Latin America has been successful, ... In addition to making successful investments in the region, they have also caught the attention of other international funds that are starting to view the region favourably." said Bruno Diniz, managing partner of the Brazilian fintech innovation consultancy Spiralem.