StoneCo Ltd.

StoneCo Ltd. is a financial technology company that provides innovative solutions to merchants and integrated partners to enable electronic commerce across in-store, online, and mobile channels in Brazil. Founded in 2000 and headquartered in George Town, the Cayman Islands, the company has grown to serve approximately 1,766,100 clients, primarily small-and-medium-sized businesses, as well as marketplaces, e-commerce platforms, and integrated software vendors, as of December 31, 2021.

StoneCo Ltd. distributes its solutions through multiple channels, including its proprietary Stone Hubs, which offer hyper-local sales and services. Additionally, the company sells solutions to brick-and-mortar and digital merchants through its sales team and technology and solutions to digital merchants through sales and technical personnel and software vendors.

StoneCo Ltd. is a publicly-traded company on the Nasdaq Global Select Market under the ticker symbol STNE. The company has a market capitalization of approximately $30.2 billion and a price-to-earnings ratio of 28.86 as of April 2021. StoneCo Ltd. is a subsidiary of HR Holdings, LLC.

In the past five years, StoneCo Ltd. has grown rapidly, increasing its revenue from $421 million in 2016 to $1.2 billion in 2020. The company’s net income has also grown significantly, from $20.2 million in 2016 to $228.2 million in 2020. StoneCo Ltd. has also seen substantial growth in its customer base, increasing from 839,000 customers in 2016 to 1,766,100 customers in 2021.