Movile leads investment in Zoop

Movile leads investment in Zoop

Equity Funds Brazil

Brazilian technology investor Movile said Tuesday that it led a BRL60 million ($11 million) investment in the business-to-business financial services firm Zoop, its third investment in the company since early 2018. Zoop will use the money to roll out digital payment, banking and credit services for businesses, Movile said in a press release. Zoop's total payment volume rose 140% in 2019, and the company expects to process 20 billion transaction by the end of 2020, according to Movile. The São Pa

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