“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?”
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.
Movile discloses MovilePay SCD (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Movile does not disclose a bank charter of its own; its banking services are provided through MovilePay SCD (in-house).
Movile processes payments through Adyen. Disclosed money-movement rails: Pix.
Movile's lending and capital products are provided by MovilePay SCD (in-house).
The Embedded Finance Index 2026 maps 4 layers in Movile's stack: Payments / PSP (Adyen); Money movement (Pix); Banking / BaaS (MovilePay SCD (in-house)); Lending (MovilePay SCD (in-house)).
Movile was founded by Fabricio Bloisi and Eduardo Henrique and is founded in 1998, headquartered in Campinas / São Paulo, Brazil.
Movile has raised $595M in total (latest round: $400M (iFood subsidiary, 2018)).
Get a read on where your own stack stands against Movile and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.