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RIO DE JANEIRO, BRAZIL - Brazilian payments firm Conductor has raised US$150 (R$855) million in a private funding round to expand its business in Latin America ahead of a possible stock market listing in the United States, Chief Executive Antonio Soares told Reuters.

The fundraising underscores the expectation that financial technology (fintech) companies can grow as more individuals in the region access the banking system.

Backed by investment firm Riverwood Capital and payments processor Visa Inc VN, Conductor provides payments services and software to companies including fintech businesses and retailers. It has 30 million active users and processes 1 . . .

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