Banco Inter S.A. (BOVESPA:BIDI4) proposed to acquire Pronto Money Transfer, Inc. in a transaction valued at approximately $160 million on August 26, 2021. Banco Inter S.A. (BOVESPA:BIDI4) reached an agreement to acquire Pronto Money Transfer, Inc. on November 22, 2021. Banco Inter will acquire Pronto Money Transfer in a stock and cash transaction valued at approximately $157 million. The main executives, including the Founder and Chief Executive Officer, will continue to lead the American operations post deal completion. The transaction is subject to the conclusion of the respective definitive instruments, and regulatory approvals by the Central Bank of Brazil and American regulatory entities. The Board of Directors of Banco Inter has approved the deal. As of November 23, 2021, the regulatory approvals in both Brazil and the United States are expected to be completed in the next few months. As on December 10, 2021, the deal has been approved by Brazilian Central Bank. The deal is expected to complete in early 2022.

Randy Bullard, Amanda Hines Gold, Anthony Carbone, Marc-Alain Galeazzi and Evan Minsberg of Morrison & Foerster LLP acted as legal advisors to Banco Inter. Jose Díaz, Fabio Tayar and João de Godoy of Demarest Advogados acted as legal advisors to Banco Inter. Aarthi Belani, Amanda Bradley, Nicolas Woo, Barry Chang, Adam Buehler, Brian Lee, Marcela Robledo, Alysha Preston, Tom Asmar, Sofia Chesnokova, Denise Glagau, M'Alyssa Mecenas, Moe Worsley, Susan Keeler, Creighton Macy, Teisha Johnson, Rod Hunter and Lise Test of Baker McKenzie acted as legal advisors to Pronto Money Transfer Inc.