October 29, 2018 |
Sao Paulo-based Linx Sistemas e Consultorias has inked an agreement with Brazil’s development bank, BNDES, to fund 80% of its three-year investment plan.
Proceeds from the credit line will assist the financial services firm in research and development (R&D), marketing, training and social investment.
As much as 95% of the BRL485.5m ($132.9m) credit line will aid R&D. Financing will be provided under the development bank’s Program for the Development of National Software Industry and IT
Brazil's development bank allocates 95% of a $133m credit line to the IT company's R&D