US EditionIDB Invest provides financing to Magalu to boost digital transformation and support MSMEs in Brazil - Caribbean News Global
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IDB Invest provides financing to Magalu to boost digital transformation and support MSMEs in Brazil - Caribbean News Global
WASHINGTON, USA – IDB Invest has signed a financing agreement with Magazine Luiza S.A. (Magalu) for $50 million to support the company’s digital transformation and help strengthen Brazil’s digital ecosystem. The funds will back Magalu’s plans to upgrade logistics capabilities, digital services for merchants, cloud services, AI projects, and focus on improving access and efficiency for micro, small, and medium enterprises (MSMEs). The financing p…
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