StartNewsBalancesZoop Announces Expansion Plans

Zoop Announces Expansion Plans

A Zoop, fintech of embedded finance solutions, anunciou hoje uma projeção excepcional para o ano fiscal 2024/25, estimating a growth of 36,2% of net revenue. The company envisions revenue exceeding R$ 380 million for the period, with an estimated transaction volume of R$ 87 billion

A significant highlight is the recovery of EBITDA, that showed an impressive increase of 237,85%, indicating a substantial improvement in the operational efficiency and profit generation of the company. Zoop has also expanded its client portfolio, including names like Livelo, Koin and Olist

Fabiano Cruz, CEO of Zoop, he commented on the results: “We are excited about the growth that Zoop is achieving and the opportunities that the partnership with iFood provides us. Our commitment to support the market with cutting-edge solutions and democratize access to financial services remains strong.”

The recent acquisition of Zoop by the iFood Group, three months ago, marks a turning point for both companies. Despite the acquisition, the operations remain 100% independent. This partnership was motivated by the significant growth and operational robustness of Zoop, in addition to its close relationship with the Central Bank

Looking to the future, Zoop plans to focus on increasingly personalized solutions for various sectors. The company aims to double the volume of new clients and lead the embedded finance market with even more strength, leveraging the synergy between your expertise and iFood's resources

This new phase promises to strengthen the development of accessible and efficient financial technologies, reaffirming Zoop's position as one of the leading innovators in the Brazilian fintech sector

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