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Banco Inter raises R$1.3 billion

Brazil based provider of digital banking services raised R$1.3b (~$343m) in a share offering that included SoftBank as an investor.

The share offering comes 15 months after Banco Inter went public on the Sao Paulo stock exchange. Since then, it has grown at a breakneck pace, with the number of clients surging to 2.5 million from roughly 500,000 in March 2018.

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digital banking