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SoftBank Is Said to Boost Stake in Brazilian Fintech Banco Inter

SoftBank Group Corp. has agreed to about double its stake in Banco Inter SA, a Brazilian online lender that offers zero-fee products, a person familiar with the transaction said.

The Japanese technology giant took an 8.1% stake in Banco Inter in July for about 760 million reais ($186 million). It’s acquiring the additional stake from members of the controlling families of the bank, including parts of the billionaire Menin clan, the person said.