Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Zoop receives R$ 60 million investment led by Movile

The B2B fintech grew its Total Payment Volume (TPV) by 140 percent during the last 12 months. Zoop will use the new funding to further accelerate the growth of its payments, banking and credit verticals


News provided by

Zoop

Sep 22, 2020, 09:15 ET

Share this article

Share toX

Share this article

Share toX

Zoop CEO and Co-founder Fabiano Cruz
Zoop CEO and Co-founder Fabiano Cruz

RIO DE JANEIRO and SAO PAULO, Sept. 22, 2020 /PRNewswire-PRWeb/ -- Movile, one of Latin America's leading investors and growth accelerators for technology companies, today announced the company led a new investment of R$ 60 million in Zoop, a leader in financial services for the B2B market. This is Movile's third investment in the company since early 2018. Zoop will use the new round of funding to accelerate the growth of the group's fintech vertical by speeding the rollout of new digital payments, banking and credit for its customers within Zoop's secure and certified framework.

Zoop operates in mobile payments, banking as a service (BaaS) and credit. Its platform and products combine technology and regulatory compliance, allowing any company — be it a startup, a marketplace, or even a large enterprise — to create and offer its own branded financial services (white label) in a simple, efficient and secure way. Zoop's technology platform is the behind-the-scenes infrastructure for a growing number of new fintech offerings across Latin America today.

"We want our business partners to design, incorporate and operate financial products under their own brands, and we enable them to create innovative financial services for their customer base,” said Zoop CEO and Co-founder Fabiano Cruz.

Post this

According to Patrick Hruby, CEO of Movile, fintech is the main focus for the group's expansion today: "There is an immense opportunity in the years ahead to improve financial services and enable broader access for businesses of all sizes and we want to ensure we are at the forefront of the transformation. In particular, there is massive growth potential to serve the needs of small and medium-sized companies. This additional investment will further strengthen and expand the services offered by Zoop, enabling its partners to offer more complete and integrated financial services," said Hruby.

Fabiano Cruz, CEO and co-founder of Zoop, said the company grew 140 percent in TPV (total payment volume) compared to the previous year, in addition to attracting more than 40 new partners during the pandemic. Zoop recently launched several innovative products, such as the Banking as a Service (or BaaS) vertical, which completes a wider portfolio of products and services for payments and credit.

"We believe that any company, in any sector, will be able to add new revenue lines by offering digital accounts, prepaid cards, withdrawals, transfers, bill payments, instant payments (PIX) and a series of other products and services available on the white-label technology platform from Zoop. We want our business partners to design, incorporate and operate financial products under their own brands, and we enable them to create innovative financial services for their customer base," said Cruz.

Founded in 2013, Zoop has more than 500 partners on its platform. The company grew four times the total volume of 2018 last year, and it forecasts that it will process 20 billion transactions on the Zoop platform by the end of 2020.

"Zoop is at the heart of the financial services transformation and has enabled the emergence of thousands of new businesses. With Movile's new investment, we will continue to exponentially grow the products and services available on our "fintech as a service" B2B platform and offer partners the best technologies to manage the complex regulatory framework," said Cruz.

Continued Fintech Boom in Latin America

Movile is focused on three main fintech offerings specifically for small and medium-sized companies: payments, banking and credit. Zoop plays a fundamental role within this focus, as it acts as the technology platform to enable payments and financial services that allow retail companies, online marketplaces and B2B businesses to become fintech companies.

Responsible for more than a third of all capital invested in Brazilian startups last year, fintech companies raised about US$1 billion during 2019, a volume almost three times higher than in 2018, per LAVCA. Since 2015, startups that innovate in the financial sector have received US$ 8 billion in investments, according to a recent survey by KoreFusion.

In the last year, Movile has invested R$ 100 million in the fintech vertical, which is almost double the R$ 55 million invested in 2018.

About Movile
Headquartered in São Paulo, Brazil, Movile is a leading Latin American investor and growth accelerator for technology companies. The Movile team is passionate about challenges and dreams big, with the goal of positively impacting the lives of 1 billion people through its technology and applications. The company employs more than 4,400 people around the world who are specialists in finance, management, culture and innovation. They work daily to support the companies in its ecosystem to achieve exponential growth. Movile Group companies include iFood, Sympla, MovilePay, Zoop, PlayKids, Wavy and Mensajeros Urbanos. For more information, visit http://www.movile.com.br

About Zoop
Zoop is the leading fintech company for financial services in the B2B market, operating in payments, banking as a service (BaaS) and credit, with more than 500 partners on its platform. Zoop's products combine technology and regulatory compliance, allowing any company - be it a startup, a marketplace or even a large mature company - to create and offer financial services, under its own brand, in a simple, efficient and secure way. In this way, Zoop helps make the future of financial services more democratic, boosting the participation of new players in the financial industry and the creation of services that better serve all sections of the population. Zoop was elected for the 2nd consecutive year as a part of the LinkedIn Top Startups. For more information, visit http://www.zoop.com.br

Media Contacts

Brazil:
Olivia Nercessian
+55 11 95433-0000
[email protected]

United States:
Chris Knight
415) 786-9226 c.
[email protected]

SOURCE Zoop

Related Links

http://www.zoop.com.br

Modal title

CEO Patrick Hruby took the helm of Movile, one of Latin America's largest investors and growth accelerators for tech companies, earlier this year.
CEO Patrick Hruby took the helm of Movile, one of Latin America's largest investors and growth accelerators for tech companies, earlier this year.
CEO Patrick Hruby took the helm of Movile, one of Latin America's largest investors and growth accelerators for tech companies, earlier this year.

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.