Key Takeaways STNE's MSMB TPV rose 17% YoY in Q1 2025 to R$119.5B, with active clients also up 17% to 4.3 million. Heavy users grew to 38% of STNE's client base as bundled services boosted cross-sell traction. STNE projects 14% CAGR in MSMB TPV through 2027, shifting focus from volume to profitability.StoneCo Ltd. (STNE) is strategically capitalizing on Brazil’s fast-evolving digital payments landscape by intensifying its focus on the micro, small and medium business (MSMB) segment. In the first quarter o ...