STNE News & Events

TikTok is seeking approval from the Brazilian central bank to operate as a lending and payments fintech, Marcela Ayres of Reuters reports, citing two people with direct knowledge of the matter. TikTok has applied for two licenses with the Brazilian central bank, one allowing it to operate as an "electronic money issuer," offering prepaid accounts for users to hold balances, receive funds and make payments within its app, sources told Reuters. The second license would make it a "direct credit company," allowing TikTok to lend its own capital or act as a platform connecting borrowers and lenders, the people added. Reuters says TikTok is attempting to run a playbook popularized by Nu Holdings (NU), the country's largest digital bank. Other names in Brazil's fintech sector include StoneCo (STNE), PagSeguro (PAGS), and XP Inc. (XP).

StoneCo is down -19.4%, or -$3.30 to $13.73.

Shares of StoneCo (STNE) are up over 6% in morning trading following the company's recent fourth quarter earnings report. For the quarter, StoneCo posted adjusted earnings per share of 51c, exceeding analysts' 48c consensus, with revenue of $690.09M missing analysts' $717.93M consensus. In a letter to shareholders, the company said: "2025 was, above all, a year of deliberate simplification. That word, simplification, can sound like a euphemism for retreat. It is not. It is, in our view, one of the most underrated acts of leadership a management team can perform. Businesses naturally accumulate: products, brands, systems, reporting layers, meetings about meetings. Left unchecked, complexity becomes its own kind of drag on compounding. We chose to fight that drag directly." The company also noted that Linx was not sold "because it was a bad business," adding that it was sold " because it was not our business -- not in the sense that matters most." Despite declining sharply on Tuesday, shares are up 6% to $14.56 on Wednesday morning.