Banco Inter sells $303 million worth of shares as it continues to flourish in Latin America This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Banco Inter, which provides consumers with free digital checking accounts as well as corporate accounts for businesses and microenterprises, sold additional equity earlier this week when it sold 31 million units worth 1.25 billion reais ($330 million), according to sources close to the matter cited by Bloomberg . This comes after the fintech went public last year, raising $208 million. Softbank was the main buyer of the shares purchased this week, and existing stockholders also used their rights of preference to purchase more shares. Here's what it means: The Latin American fintech ecosystem continues to attract investor money, and investments are likely to accelerate in the future. While fintech funding in South America dipped in Q1 2019, the region is set to receive record-breaking funding this year.