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.
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