StoneCo announced that it received from the Brazilian Central Bank, or “BCB,” the “Financeira” License, organized as a Sociedade de Credito, Financiamento e Investimento, or SCFI. “This license will enable StoneCo, through its subsidiaries, to develop and offer a range of new products, such as time deposits, which shall enhance and diversify the funding sources of the company,” StoneCo stated.
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