Stone announces R$ 2.5 billion investment in Banco Inter

On May 24th, Brazilian fintech Stone announced a R$2.5 billion investment agreement with Banco Inter through a follow-on public offering held at B3. Stone will now hold a 4.99% stake in the bank, as well as a seat in its board of directors and the right of first refusal in case of an eventual change in Banco Inter’ control for a period of six years.