Brazil opens funding for fintechs through state development bank

SAO PAULO, March 26 (Reuters) – Brazil’s monetary council on Thursday said the country’s fintechs will be able to obtain funding from development bank BNDES, as their usual financing channels have dried up due to coronavirus-linked market tensions.

The authority also said that fintechs will be allowed to issue credit cards as an alternative source of revenue.


By Carolina Mandl via Nasdaq


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