Pagseguro Digital Ltd. (Brazil)

The Company is a provider of financial technology solution company.
The Company is focused primarily on micro-merchants, small companies and medium-sized companies in Brazil. The Company offers multiple digital payment solutions, In-person payments via POS devices that it sell to clients, free digital accounts, and withdrawing account balances. Its end-to-end digital ecosystem enables its customers accept payments and manage their businesses. It offers safe, affordable, simple, mobile-first solutions for merchants to accept payments and manage their cash through their PagSeguro digital accounts, without the need for a bank account. Its digital account offers more than 30 cash-in methods and six cash-out options including its PagSeguro prepaid card, all using proprietary technology platform and backed by the trusted PagSeguro and UOL brands. Its digital ecosystem also features other digital financial services, business management tools and functionalities for its clients.
History
2017 The Company whose shares are being offered by this prospectus, was incorporated on July 19, 2017 as a Cayman Islands.
The Company is a holding company, subsidiary of Universo Online S.A., referred to together with its subsidiaries as the “PagSeguro Group”, was incorporated on July 19, 2017
2018The Company s Class A common shares are listed on the NYSE under the ticker symbol “PAGS.” The Class A common shares commenced trading on the NYSE on January 24, 2018.
2020 On July 15, 2020 the Company constituted a holding company incorporated under PagSeguro Digital called PagSeg Participacoes Ltda. and on October 22, 2020, PagSeguro Group constituted another holding company incorporated under PagSeg called PagBank Participacoes Ltda.
Acquisition
2019 On January 4, 2019, PagSeguro Brazil acquired 100 of BBN Banco Brasileiro de Negocios S.A. , through BS Holding Financeira Ltd. a holding company incorporated under PagSeguro Digital.
On March 15, 2019, PagSeguro Brazil acquired 10 of the share capital of Netpos Servicos de Informatica S.A
2020 On July 15, 2020 PagSeguro Group constituted a holding company incorporated under PagSeguro Digital called PagSeg Participacoes Ltda. and on October 22, 2020, PagSeguro Group constituted another holding company incorporated under PagSeg called PagBank Participacoes Ltda.
On December 30, 2020, Pag Bank acquired 20 of the share capital of BoletoFlex Tecnologia e Servicos LTDA. Total consideration paid amounted to R 15,000 which was settled in cash on January 4, 2021 and on December 31, 2020 this amount was recognized in other liabilities.
2021 On August 12, 2021, PagSeguro Brazil acquired 100 of the share capital and obtained control of Concil. Total consideration amounted to R 43,896 and the total net assets acquired at fair value amounted to R 23,165.