{"id":72431,"date":"2019-10-23T10:13:00","date_gmt":"2019-10-23T14:13:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-stone-pagamentos-co-founder-eduardo-pontes-acquires-a-minority-stake-in-tutuka\/"},"modified":"2019-10-23T10:15:13","modified_gmt":"2019-10-23T14:15:13","slug":"eduardo-pontes-cofundador-de-stone-pagamentos-adquiere-participacion-minoritaria-en-tutuka","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/eduardo-pontes-cofundador-de-stone-pagamentos-adquiere-participacion-minoritaria-en-tutuka\/","title":{"rendered":"Stone Pagamentos Co-Founder, Eduardo Pontes, acquires a minority stake in Tutuka"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">DUBAI, United Arab Emirates<\/span>, <span class=\"xn-chron\">Oct. 23, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Tutuka announced today that the Co-Founder of one of <span class=\"xn-location\">Latin America&#8217;s<\/span> biggest fintechs, Stone Pagamentos, has acquired a minority stake in Tutuka.<\/p>\n<div id=\"prni_dvprnejpg9022left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg9022left\" title=\"Tutuka Logo\" border=\"0\" alt=\"Tutuka Logo\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/886542\/0001.jpg\" imagelabel=\"General\"\/><\/div>\n<p>Tutuka is well known for its unique processor plus model which enables fintechs, mobile wallets, apps and banks across emerging markets to easily issue Mastercard and Visa payment products such as physical or virtual cards that are linked to the values in their customers&#8217; wallets or accounts.<\/p>\n<p>Pontes co-founded Stone Pagamentos in <span class=\"xn-location\">Brazil<\/span>, which rapidly become one of the country&#8217;s largest acquirers and IPO&#8217;d on NASDAQ in 2018 with a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-stone-ipo\/stoneco-shares-pop-33-percent-in-debut-hits-9-billion-valuation-idUSKCN1MZ2DO\" rel=\"nofollow\">valuation of <span class=\"xn-money\">US$8.8b<\/span><\/a>.<\/p>\n<p>The Latin American fintech market is growing at a rapid rate, with <u><a target=\"_blank\" href=\"https:\/\/www.finnovista.com\/informe-fintech-2018\/?lang=en\" rel=\"nofollow\">research<\/a><\/u>\u00a0conducted in 2018 by the Inter-American Development Bank and Finnovista showing a 66% growth of fintech startups from 2017 to 2018. With Tutuka&#8217;s deep experience in emerging markets and the ability to make payments happen quickly, easily and securely, the company is well-equipped to maximize the opportunities for growth in the region.<\/p>\n<p>Tutuka has clients in over 19 countries across <span class=\"xn-location\">Africa<\/span>, <span class=\"xn-location\">Asia<\/span>, the <span class=\"xn-location\">Middle East<\/span> and now Latin America.\u00a0<\/p>\n<p>Pontes&#8217; experience, coupled with Tutuka&#8217;s capabilities as a payments enabler, will support Tutuka&#8217;s expansion into <span class=\"xn-location\">Latin America<\/span> and help to drive financial inclusion in the region.<\/p>\n<p><b>About Tutuka<\/b><\/p>\n<p>Tutuka (<u><a target=\"_blank\" href=\"http:\/\/bit.ly\/tutuka-apis\" rel=\"nofollow\">www.tutuka.com<\/a><\/u>) is a third-party payments enabler that makes payments happen by enabling our clients&#8217; customers to pay with Mastercard and Visa cards and products. Tutuka enables fintechs, mobile wallets, apps and banks across <span class=\"xn-location\">Africa<\/span>, <span class=\"xn-location\">Asia<\/span>, the <span class=\"xn-location\">Middle East<\/span> and <span class=\"xn-location\">Latin America<\/span> to issue virtual and physical cards and other Mastercard and Visa payment products. Tutuka&#8217;s processor plus model allows our clients to easily, cost-effectively and quickly link into card schemes without the complexity and slow timelines normally associated with processors.\u00a0<\/p>\n<p><b>About <span class=\"xn-person\">Eduardo Pontes<\/span><\/b><\/p>\n<p><span class=\"xn-person\">Eduardo Pontes<\/span> (<a target=\"_blank\" href=\"https:\/\/investors.stone.co\/advisory-board\/eduardo-pontes\" rel=\"nofollow\">https:\/\/investors.stone.co\/advisory-board\/eduardo-pontes<\/a>) co-founded Stone Pagamentos (<a target=\"_blank\" href=\"https:\/\/www.stone.com.br\/\" rel=\"nofollow\">https:\/\/www.stone.com.br<\/a>)\u00a0which IPO&#8217;d on NASDAQ in 2018. <span class=\"xn-person\">Eduardo Pontes<\/span> is now principal of Arpex Capital.\u00a0<\/p>\n<p><b>For further details contact<\/b><\/p>\n<p>Contact: <span class=\"xn-person\">Aliesha Piggott<\/span><br \/>Email: <a target=\"_blank\" href=\"mailto:aliesha@tutuka.com\" rel=\"nofollow\">aliesha@tutuka.com<\/a> <br \/>Tel: +60 111 534 6864<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/886542\/0001.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/886542\/0001.jpg<\/a> <\/p>\n<p>SOURCE  Tutuka<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">DUBAI, United Arab Emirates<\/span>, <span class=\"xn-chron\">Oct. 23, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Tutuka announced today that the Co-Founder of one of <span class=\"xn-location\">Latin America&#8217;s<\/span> biggest fintechs, Stone Pagamentos, has acquired a minority stake in Tutuka.<\/p>\n<div id=\"prni_dvprnejpg9022left\" dir=\"ltr\">&lt;img id=&quot;prnejpg9022left&quot; title=&quot;Tutuka Logo&quot; border=&quot;0&quot; alt=&quot;Tutuka Logo&quot; align=&quot;middle&quot; src=&quot;https:\/\/mma.prnewswire.com\/media\/886542\/0001.jpg&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":72432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-72431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=72431"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/72432"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=72431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=72431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=72431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}