Movile receives additional investment from Prosus

Movile receives additional investment from Prosus

Equity Technology Digital Payments Brazil Netherlands

Brazilian start-up investor Movile has received an additional BRL1 billion ($194 million) from consumer internet group Prosus to spend on its existing portfolio of companies, it said in a statement on Monday. Movile will use the money to invest in food and grocery delivery company iFood, the financial technology firms MovilePay and Zoop in Brazil and the delivery service Mensajeros Urbanos in Colombia, Mexico and other countries in Latin America.  "Movile also plans to invest in new innovative t

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