Cielo is a tech retail services company leading the electronic payments sector in Latin America and one of the top 10 Brazilian corporations by market value. In 2016, Cielo captured over 6.7 billion transactions and $185 billion in financial volume through their platform. Their 1.7 million active clients include individual entrepreneurs and large retailers across Brazil. Cielo thinks the payment process is the gateway to accessing intelligent and interconnected services. They believe that no business was born to stand still and their vocation is to help realize this vision for each of their clients.
We have seen strong signs of return to growth in South America and many companies are looking to tap into the U.S. market. Based in Barueri, Brazil, Cielo has been the driving force behind the region’s digital transformation. As home to the world’s most innovative companies, we welcome Cielo to the Nasdaq International Designation program and look forward to support their continued success.
The Nasdaq International Designation is home to a diverse range of companies in innovative industries across the globe that have level 1 American Depository Receipts or shares that trade in the over-the-counter (OTC) market. Cielo joins South American member companies: Minerva Food S.A. (OTC – Nasdaq Intl Designation: MRVSY) and Marfrig Global Foods S.A. (OTC – Nasdaq Intl Designation: MRRTY). Other program members are based in Canada, Japan, Germany, Australia, the U.K., and the Netherlands. As a member of the program, Cielo can now leverage additional visibility in the U.S. investment community and resources for investor relations support.
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