Published On: September 7th, 2021Categories: Trade Ideas
Founded in 2012 to tackle the Brazilian card payments market, dominated by the duopoly Cielo and Rede, owned by incumbent banks, StoneCo built the first truly customer-centric card and electronic payments platform in Brazil. With the pandemic, digital solutions have become more present in the payment industry because of increased smartphone usage. Brazil’s huge population offers potential for e-commerce growth.
We do not see the current challenge in credit businesses as a game changer and highlight the Fintech StoneCo as a good investment opportunity.