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Finance & Economics

Retail software company makes acquisition to reinforce its fintech hub

Jan 31, 2020

Linx will pay a total of $31 million in cash?

Linx and PinPag

Retail software company makes acquisition to reinforce its fintech hub. Source: linx.com.br

Linx announced the acquisition of PinPag, now having 90 direct employees in S?o Caetano do Sul and a branch in Porto Alegre.

Linx offers customized and disruptive installment solutions for retail services in different segments. That acquisition is yet another step to reinforce the strategy of its fintech Linx Pay Hub products and services.

Furthermore, the company also brings new customers, including retailers, auto repair shops, and driving schools.

With the arrival of PinPag, we will strengthen our fintech Linx Pay Hub and expand its operations, directed mainly in the services sector. This move will also bring 17 thousand new customers to Linx. Soon, PinPag's innovative installment solutions will be available to the entire Linx customer base
Alberto Menache, CEO of Linx

Linx aims to additionally pay $15 million between 2021 to 2022 in case of reaching financial goals with PinPag.

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