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Fintech in Brazil Vows to Prove Goldman, Morgan Stanley Wrong

  • CEO of SoftBank-backed Banco Inter sets out ambitious strategy
  • The coming year may show whether skeptical analysts are right
    

Photographer: Dado Galdieri/Bloomberg

When Joao Vitor Menin took over his family’s banking business, it was a mere sideline to his father’s empire of low-income housing. Four years later, with funding from SoftBank Group Corp., it’s grown into the clan’s largest asset and one of Latin America’s hottest fintech ventures.

Next, Menin just needs to prove analysts from the likes of Goldman Sachs and Morgan Stanley wrong about his ambitious strategy.