BNDES funds Linx's expansion

BNDES funds Linx's expansion

Loans Economy & Policy Corporate & Sovereign Strategy Brazil

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 s

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