Stone Profile (NASDAQ: STNE): Warren Buffett's bet on Brazil's small businesses
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In 2018, Warren Buffett’s Berkshire Hathaway, unexpectedly, invested in two Fintech companies: India’s Paytm (NSE: PAYTM) and Brazil’s Stone (NASDAQ: STNE). I wouldn’t dare to say I know the rationale behind this decision, but I would guess that Berkshire made bets on the digitization of payments in large emerging markets. Cash is being gradually replaced with cards, mobile wallets, and other forms of digital payments, and Paytm and Stone were well positioned to profit from this trend.
Stone Profile (NASDAQ: STNE): Warren Buffett's bet on Brazil's small businesses
Stone Profile (NASDAQ: STNE): Warren…
Stone Profile (NASDAQ: STNE): Warren Buffett's bet on Brazil's small businesses
In 2018, Warren Buffett’s Berkshire Hathaway, unexpectedly, invested in two Fintech companies: India’s Paytm (NSE: PAYTM) and Brazil’s Stone (NASDAQ: STNE). I wouldn’t dare to say I know the rationale behind this decision, but I would guess that Berkshire made bets on the digitization of payments in large emerging markets. Cash is being gradually replaced with cards, mobile wallets, and other forms of digital payments, and Paytm and Stone were well positioned to profit from this trend.