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Stone / StoneCo

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Overview

StoneCo Ltd. is Brazil's leading SMB-focused payments + digital-banking fintech, NASDAQ-listed (STNE) [1, 2, br-cro]. Q3 2025 baseline:

  • Businesses served: 1.7+ million across Brazil
  • Q3 2025 revenue: BRL 3.6 billion (+16% YoY)
  • Q3 2025 adjusted net income: +18% YoY
  • Active payments-client base: +17% YoY
  • Consolidated ROE expansion: +8 percentage points to 24% — distinctive return improvement

Historic Brazil milestone (2017) [2]: Stone became the first non-bank entity authorized by Brazil's Central Bank to operate as a payment institution — distinctive Brazilian regulatory pioneer.

2018 NASDAQ listing: ticker STNE — pioneering Brazilian-fintech US IPO.

StoneCo services: Payment processing + Stone POS + prepayment + digital banking (Stone Banco) + credit solutions + SMB-focused integrated rails (PIX + cards + banking).

History

2012 — StoneCo founded [1] by André Street + Eduardo Pontes + Thiago Piau (current CEO).

2017 — Stone authorized as Brazilian non-bank payment institution [2]: First-of-kind BCB authorization.

2018 — NASDAQ IPO (STNE) — Brazilian-fintech US-listing pioneer.

2021-2022 — Multiple acquisitions + integration phase + stumble (Linx acquisition + Banco Inter holding); stock price decline.

2023-2025 — "Rebuilding trust and growing stronger" turnaround [3]: ROE recovery + SMB-focused doubling-down.

Q3 2025 — Strong rebound metrics: BRL 3.6B revenue (+16%); +18% adjusted NI; +17% active clients; +8 pp ROE expansion to 24% [2].

Ownership & operator

Operating entity: StoneCo Ltd. (NASDAQ: STNE).

Co-founders: André Street + Eduardo Pontes + Thiago Piau (current CEO).

Major shareholders: Berkshire Hathaway (Warren Buffett's BRK) + Madrone Capital Partners (Walton family) + Ant Group + Actis + Capital Group + GIC Singapore + public float.

Regulator: BCB (Central Bank of Brazil).

Technical integration

Layer Description
Channels Stone POS (Pagar.me + Stone Online) + Stone API + Stone Online Checkout + Stone Banco mobile banking
Identifiers Card + PIX key + bank account
BR rail pix (Banco Central do Brasil national instant-payment)
Sub-products Stone Pagamentos (payment processing) + Stone Banco (digital banking) + Pagar.me (online checkout) + Stone Connect (vertical SaaS via Linx integration) + Stone Credit + prepayment + Stone Mais (SMB rewards)
License First Brazilian non-bank payment institution (BCB 2017)
Customer focus SMBs (1.7M+ Brazilian businesses)

Users & growth

Q3 2025 baseline [2]:

  • Businesses served: 1.7+ million
  • Q3 2025 revenue: BRL 3.6B (+16% YoY)
  • Q3 2025 adjusted NI: +18% YoY
  • Active payments client base: +17% YoY
  • Consolidated ROE expansion: +8 pp to 24%
  • NASDAQ listing: STNE since 2018

Use cases

Brazilian SMB payment processing (1.7M+ businesses); Stone POS (physical card + PIX acceptance); Pagar.me online checkout; Stone Banco SMB digital banking; Stone Credit + prepayment SME credit; Linx vertical SaaS integrations (post-Linx-acquisition); Stone Connect.

Implementations & partners

Operator: StoneCo Ltd. (NASDAQ: STNE) — Co-founders André Street + Eduardo Pontes + Thiago Piau (CEO).

Major shareholders: Berkshire Hathaway (Warren Buffett's BRK) + Madrone Capital Partners (Walton family) + Ant Group + Actis + Capital Group + GIC Singapore + NASDAQ public float.

Acquisitions: Linx (2021 vertical SaaS; transformational); Banco Inter (minority holding then divestment).

Major Brazilian SMB-payments competitors:

  • [[pagbank]] (PagSeguro Digital; NYSE: PAGS; 34M customers; super-app + digital banking)
  • Cielo (BR largest acquirer; Banco do Brasil + Bradesco JV)
  • Rede (Itaú acquirer subsidiary)
  • GetNet (Santander Brasil acquirer subsidiary)
  • [[mercado-pago]] (BR + LATAM super-app)
  • [[picpay]] (BR mobile wallet covered Batch 11)

Regulator: BCB.

Fun facts

  • 2018 NASDAQ IPO (STNE) — Brazilian-fintech US-listing pioneer.
  • 2017 — Stone became first non-bank entity authorized by BCB as payment institution — distinctive BR regulatory pioneer.
  • Berkshire Hathaway (Warren Buffett's BRK) shareholder — distinctive Buffett endorsement of Brazilian fintech.
  • 1.7M+ businesses served + Q3 2025 +16% revenue + +18% adjusted NI + +17% active clients + +8 pp ROE expansion to 24%.
  • Co-founders André Street + Eduardo Pontes + Thiago Piau (current CEO).
  • 2021 Linx acquisition — transformational vertical SaaS integration.
  • 2023-2025 "rebuilding trust" turnaround narrative — distinctive post-stumble recovery.

Comparison

Feature Stone [[pagbank]] (BR rival) Cielo (BR largest acquirer rival) Rede (Itaú subsidiary) GetNet (Santander Brasil subsidiary)
Operator StoneCo Ltd. (NASDAQ: STNE; co-founders André Street + Eduardo Pontes + Thiago Piau CEO; Berkshire Hathaway + Madrone + Ant Group + GIC backed) PagSeguro Digital (NYSE: PAGS) Cielo (Banco do Brasil + Bradesco JV) Rede (Itaú subsidiary) GetNet (Santander Brasil subsidiary)
Type BR SMB-focused payment processing + Stone Banco + Pagar.me + Linx vertical SaaS BR consumer + SMB super-app + PagBank digital banking BR largest acquirer (Banco do Brasil + Bradesco) BR Itaú-anchored acquirer BR Santander-anchored acquirer
Country Brazil Brazil Brazil Brazil Brazil
Users 1.7M+ businesses + Q3 2025 BRL 3.6B revenue (+16% YoY) + +24% ROE 34M customers + R$ 678M 4Q25 recurring profit + 18.4% ROAE Largest BR acquirer by volume Itaú-anchored Santander-anchored
Listing NASDAQ: STNE since 2018 NYSE: PAGS B3-listed via Banco do Brasil + Bradesco parents Itaú parent-listed Santander Brasil parent-listed
Distinctive First BR non-bank payment institution (BCB 2017); Berkshire Hathaway shareholder; 2018 NASDAQ pioneering BR-fintech US listing; 2021 Linx acquisition; 2023-2025 turnaround 34M customers; R$623M dividend 2025 + R$1.4B 2026; R$25B credit-portfolio 2029 target BR largest acquirer Itaú-anchored Santander-anchored

Status

Active, Brazil's leading SMB-focused payments + digital-banking fintech [2]:

  • StoneCo Ltd. (NASDAQ: STNE) since 2012 (NASDAQ IPO 2018).
  • 1.7M+ businesses + Q3 2025 BRL 3.6B revenue (+16% YoY) + +18% adjusted NI + +17% active clients + +8 pp ROE expansion to 24%.
  • First BR non-bank entity authorized by BCB as payment institution (2017).
  • Berkshire Hathaway + Madrone + Ant Group + GIC backed.
  • BCB-regulated.

Sources

Source

Biography extracted from stone.md. See matrix.md for standards-support matrix if present.

source · docs/wallets/stone/index.md