SÃO PAULO, BRAZIL – At the beginning of March, giants Nubank, Mercado Pago and Google teamed up with five other companies in the financial market (Creditas, Banco Inter, Grupo Movile, Hash and Iugu) to announce the creation of Zetta, a new association which hopes to innovate the financial sector and digitize the economy. The news of the association rekindled rumors of a possible IPO by one of the group’s most prominent members: the Movile group.
For the past few months, despite recurring denials by its top executives there has been strong speculation that IFood or even the entire Movile . . .
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