StoneCo’s Strategic Shift: Selling Linx and Refocusing on Core Fintech Business

Brazilian fintech giant StoneCo is making waves in the financial technology sector by hiring JPMorgan and Morgan Stanley to sell its software unit, Linx. This move comes less than three years after StoneCo acquired Linx for R$6.7 billion ($1.2 billion) in 2020. StoneCo’s decision to divest Linx signals a potential shift in strategy. The company […]