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UPDATE 3-SoftBank-backed Banco Inter and StoneCo in talks on potential merger -source

Business & Finance

2 Min Read

SAO PAULO (Reuters) -SoftBank-backed digital lender Banco Inter SA and payments company StoneCo Ltd are in preliminary talks to expand a current partnership agreement, including a potential merger, one source familiar with the matter said.

StoneCo acquired a 4.99% stake in Banco Inter in June, as part of a strategy of attracting the bank’s clients to its payments services.

The talks are the latest sign of stepped-up dealmaking involving a n

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