StoneCo Announces SCFI License

January 19, 2024

https://www.globenewswire.com/news-release/2024/01/05/2804776/0/en/StoneCo-Announces-SCFI-License.html

GEORGETOWN, Cayman Islands, Jan. 05, 2024 (GLOBE NEWSWIRE) — StoneCo Ltd. (Nasdaq:STNE; B3: STOC31) (“Stone” or the “Company”) today announced that it received from the Brazilian Central Bank (“BCB”) the “Financeira” License, organized as a Sociedade de Crédito, Financiamento e Investimento (SCFI). This license will enable StoneCo, through its subsidiaries, to develop and offer a range of new products, such as time deposits, which shall enhance and diversify the funding sources of the Company.

Read more at globenewswire.com

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