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Movile

“Can a mobile content pioneer turn into Latin America's dominant vertical-tech holding by owning the iFood ecosystem end-to-end, including its embedded banking rails?”

Founded1998
HQCampinas / São Paulo, Brazil
FoundersFabricio Bloisi, Eduardo Henrique
Total raised$595M
Latest round$400M (iFood subsidiary, 2018)
IndustryVenture Capital / Tech Holding
The story

Movile started in 1998 as a mobile content / SMS company (Compera, later Yavox) and evolved into a Latin American tech holding controlled by Prosus/Naspers. Its most valuable bet is iFood; around that core it built a portfolio (Sympla, PlayKids, Zoop, Afterverse, Sinch, Moova, Mensajeros Urbanos) plus a fintech arm MovilePay. The embedded-finance thesis is concentrated in MovilePay, which acts as the 'bank for restaurants' of the iFood ecosystem — offering digital accounts, cards, POS acquiring, credit and receivables advance to iFood merchants, and holding a Brazilian SCD license since 2023.

Last 12 months
2023-04
Product timeline
1998
Founded by Fabricio Bloisi as Compera/Yavox, focused on SMS, WAP and mobile content in Brazil· founding
2007
Rebranded and expanded into mobile services and content across Latin America· pivot
2011
Acquired stake in iFood, which became its most successful bet· acquisition
2018
Raised $400M for iFood from Naspers and Innova Capital — one of the largest LatAm rounds at the time· funding
2019
Launched MovilePay as the group's fintech arm targeting iFood merchants· banking
2023
MovilePay received Banco Central authorization to operate as an SCD (Sociedade de Crédito Direto), enabling lending with own capital· lending
Regulated entities
1
regulatory licence held by Movile
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Movile’s embedded-finance stack
Payments / PSP
Adyen
Money movement
in the full report
Banking / BaaS
in the full report
Lending
in the full report
Accounting gap: none
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.