Tech provider Zoop raises R$200m

Zoop, provider of technology for financial services, raised R$200 million through the launch of a FIDC, a type of investment fund widely used in the Brazilian credit market. The money will be used to prepay card receivables from fintech customers. The purpose of the credit rights fund is to complement Zoop’s offer, which acts as a provider of payment, banking as a service (BaaS) and credit infrastructure. With the resources, Zoop intends to expand its performance as a white label provider. Zoop says it has more than 560 active partners and its services reach more than 250.000 businesses.

Source: Valor International