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StoneCo raises ~$95M for SMB credit solution in upsized FIDC issuance

Jan. 14, 2021 2:09 PM ETStoneCo Ltd. (STNE) StockSTNEBy: Liz Kiesche, SA News Editor
  • StoneCo (STNE -0.4%) raises R$493M (US$94.8M) in third-party capital for its credit solution for small and medium-sized businesses in Brazil, up from its initial size of R$340M.
  • Completes issuance of R$580M in Fundo de Investimento em Direitos Creditórios (or Credit Rights

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