Stone raises $467.5M for SME financial services

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Brazilian fintech, Stone, secured a $467.5M financing commitment from the U.S. Development Finance Corporation (DFC).

The funds  will enhance receivables anticipation for Brazil’s micro, small, and medium-sized enterprises (MSMEs), improving their cash flow and reducing default risks over a seven-year term with an initial six-month disbursement period

Stone’s financing strategy focuses on supporting businesses led by women or with a majority female workforce. It mainly impacts entrepreneurs in the North and Northeast regions of Brazil.

According to Stone’s data, a significant number of POS clients fully prepay their credit card loans, highlighting this method’s effectiveness for financing small retailers.

Learn more on Latamfintech

Guadalupe Ibañez is an experienced content creator and digital marketing expert, bridging the technology sectors in Latin America and the United States. She actively participates in innovation programs and experiments with new strategies for lead generation while remaining at the forefront of creating technology-centric content narratives.

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