Zoop Racks Up another Win with QPrize Brazil

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January hasn’t even come to an end yet, and Brazilian mobile payment platform Zoop already has two big victories under its belt in 2013. Following its win at the 2012 LatChallenge during PuntaTech 2013 earlier this month (where it garnered a US$100,000 investment prize), Zoop has now been named the winner of the QPrize 2012 Brazil Regional Semi-Final Competition.

Zoop will be awarded US$100,000 in venture financing from Qualcomm Ventures. It will now move on to compete at the QPrize Global Grand Prize contest to be held in the San Francisco Bay Area in March. There, it will be up against other regional finalists from North America, Western Europe, Eastern Europe, China, India, Israel and Korea.

In the Brazilian regional semi-finals, Zoop beat out Latin American startups 4vets (which, interestingly, was the other victor of the 2012 LatChallenge), Checkout10, Clicksign, Nevoa Networks and Workana.

“Qualcomm is excited to bring QPrize to the region this year and to support passionate entrepreneurs who are striving to develop solutions that address the needs of our markets,” remarked Carlos Kokron, Senior Director of Qualcomm Ventures in Latin America, with respect to the regional leg of the competition. “Through QPrize, we help identify promising ideas and entrepreneurs at early stages and help them grow by providing mentorship, investment support and exposure to the global technology ecosystem. We congratulate Zoop on their accomplishments thus far and look forward to their participation in the Grand Prize competition,” he continued.

Since its launch at TechCrunch Disrupt’s Brazilian Pavilion last September, Zoop has proven a fierce contender as one of Latin America’s most promising startups. The company is a developer of a low-cost mobile payment solution that enables on-the-go transactions by way of chip and PIN cards, mobile wallets and magnetic stripe payments.

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Emily Stewart

Originally from the United States. Degree in Comparative Literature & Society from Columbia University. Background in marketing and communications, including copywriting, translation, editing and content creation. Localization experience. Twitter @doblackshoe