StoneCo Ltd.
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StoneCo Ltd. - overview
Established
2012
Location
George Town, -, Cayman Islands
Primary Industry
Financial Services
About
Based in George Town, Cayman Islands, StoneCo Ltd. (Stone) is a fintech company that was founded in 2012 by André Street and Eduardo Pontes. In 2013, Arpex invested in the company and brought Pagar. me, a fintech business that is focused on small businesses and startups, into the group’s ecosystem.
The following year, StoneCo Ltd. began operating in the payments market then acquired Equals, an account reconciliation company in the Brazilian market, in 2015. In 2016, it acquired the Brazilian operation of Elavon, a payment processing solutions provider. In 2018, the company went public on Nasdaq and was listed under the ticker symbol STNE.
As of July 2021, StoneCo Ltd. has offices across Brazil with more than 3,000 employees and is being led by Thiago Dos Santos Piau as its CEO. StoneCo Ltd. primarily provides payment and management tools.
Through its subsidiaries, it offers POS solutions for small and medium-sized businesses, digital payment solutions for online retailers, e-commerce integrated payment solutions, and smart financial management. In 2020, StoneCo Ltd. generated BRL 3. 17 billion in revenue.
The company generates revenues based on the fees it charges for the services it provides. These include payment processing fees related to transaction activities and other services, which are typically charged as a percentage of the transaction amount or as a fixed amount per transaction, financial income related to prepayment financing fees, and subscription and equipment rental fees.
Current Investors
Actis
Primary Industry
Financial Services
Sub Industries
e-Financial, Application Integration Software, Accounting/Finance Software
Website
www.stone.co
Verticals
FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
StoneCo Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Banco Inter S.A. | - | ||||||||
| Add-on | Completed | Linx S.A. | - | ||||||||
| Add-on | Completed | Vitta Tecnologia em Saúde S.A. | - | ||||||||
| Private Placement/Follow on | Completed | StoneCo Ltd. | - | ||||||||
| IPO | Completed | StoneCo Ltd. | - |
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