StoneCo Ltd., a leading financial technology company, announced on January 5, 2024, that it has been granted the 'Financeira' License by the Brazilian Central Bank (BCB). The license, formally known as a Sociedade de Crédito, Financiamento e Investimento (SCFI) License, will allow StoneCo to expand its product offerings through its subsidiaries. With this new license, StoneCo plans to introduce time deposits among other new products, aiming to diversify and enhance the company's funding sources. The announcement was made in a press release and is expected to be incorporated by reference into StoneCo's registration statement on Form S-8. The news comes as part of StoneCo's ongoing efforts to provide comprehensive financial technology solutions that enable merchants to grow their businesses across various channels.

StoneCo Ltd., a leading financial technology company, announced on January 5, 2024, that it has been granted the 'Financeira' License by the Brazilian Central Bank (BCB). The license, formally known as a Sociedade de Crédito, Financiamento e Investimento (SCFI) License, will allow StoneCo to expand its product offerings through its subsidiaries. With this new license, StoneCo plans to introduce time deposits among other new products, aiming to diversify and enhance the company's funding sources. The announcement was made in a press release and is expected to be incorporated by reference into StoneCo's registration statement on Form S-8. The news comes as part of StoneCo's ongoing efforts to provide comprehensive financial technology solutions that enable merchants to grow their businesses across various channels.