(PicS, Ltd., known for its Brazilian payments app PicPay, withdrew its IPO plans in an SEC filing dated Feb. 15, 2023. The Brazilian mobile payments company filed its F-1 in April 2021. PicS, Ltd. is incorporated in the Cayman Islands.)
Our primary mission is to make life easier by reinventing the way people deal with money, shop and communicate. We offer our customers an easier, frictionless and less bureaucratic experience, ensuring they capture the most of what really matters: a seamless user experience. We want to transform the way people and businesses interact, transact and advertise in an intelligent, connected and simple way, leveraging on the large disruption potential of the payments and financial services sector.
We are the largest Brazilian super app in terms of number of registered users as of March 31, 2021, based on our comparison of other Brazilian participants with publicly-available information. We offer a technology-enabled multipurpose ecosystem for daily needs, providing financial, communication and consumer services to more than 49.9 million registered users as of March 31, 2021. We operate as an open platform empowered with social features that connect our users, affiliated merchants and commercial partners. From December 31, 2018 to December 31, 2020, our active user base grew at a CAGR of 231%, and from December 31, 2020 to March 31, 2021, our active user base grew by 29%. As of March 31, 2021, we had 36.6 million active users, 1.3 million active merchants and other licensed merchants through partnerships with the Brazilian merchant acquirers GetNet, Stone, Rede and Cielo.
Our five key strategic pillars are: social, digital wallet, financial marketplace, the PicPay Store and ads.