The company's results were hit by new US tax laws, and a patent dispute with Apple affected licensing revenues.
This second round of the Brazilian program has twice the budget of the first round and has earmarked 19 business plans mainly related to environmental preservation.
Legislators are weighing key issues on the fintech law with the regulatory platform high on the agenda in the session beginning Thursday. One such issue involves apparent, but misleading, irregularities triggering the closure of fintechs' bank accounts.
The regulator's proposal of allowing subscribers with outstanding payments to change operators caused disagreement among telcos.