StoneCo Announces SCFI License
January 05 2024 - 11:20AM
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.
About StoneCo
StoneCo is a leading provider of financial technology and
software solutions that empower merchants to conduct commerce
seamlessly across multiple channels and help them grow their
businesses.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made as of the date they were first issued and were
based on current expectations, estimates, forecasts and projections
as well as the beliefs and assumptions of management. These
statements identify prospective information and may include words
such as “believe,” “may,” “will,” “aim,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “forecast,” “plan,” “predict,”
“project,” “potential,” “aspiration,” “objectives,” “should,”
“purpose,” “belief,” and similar, or variations of, or the negative
of such words and expressions, although not all forward-looking
statements contain these identifying words.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond Stone’s control.
Stone’s actual results could differ materially from those stated
or implied in forward-looking statements due to a number of
factors, including but not limited to: more intense competition
than expected, lower addition of new clients, regulatory measures,
more investments in our business than expected, and our inability
to execute successfully upon our strategic initiatives, among other
factors.
Contact:
Investor Relations investors@stone.co
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