USA announces investment of R$2 billion focused on small Brazilian companies

USA announces investment

_{Entrance to the US Consulate in São Paulo (Photo: reproduction/disclosure/br.usembassy.gov)}

The announcement, DFC and Brazil-US relations

In the official statement about the investment, Scott Nathan, CEO of the DFC agency, stated that “I am very happy to be here to sign our partnership with Stone and Brazil. This transaction exemplifies the work we do around the world and highlights a sector that is so important for the development of the economy, which is small businesses. They help create financial inclusion, pay taxes and employ people and that is why they are so important”.

This investment marks the 200th anniversary of relations between Brazil and the USA, deepening ties between the nations and, in the wake of this attitude, DFC also announced that it will open its first office in all of Latin America, which will be located at the Consulate General of the United States , in Sao Paulo. The expectation is that this will be the first step in bringing the American public body closer to all of Latin America.

Investment and Stone

Stone, the company through which the investments will take place, should use the capital received from DFC to assist small companies in paying credit card receivables, allowing such companies to have greater access to credit and, through this, be able to grow from healthy way without resorting to loans that can erode the financial health of companies.

Featured Photo: Scott Nathan, on the left, and Augusto Lins, founder and Senior Advisor of Stone, on the right (Reproduction/Disclosure/DFC)