Brazilian internet conglomerate Movile is pushing deeper into consumer investments in Latin America through a $2 million investment in mobile movie ticketing company, CinePapaya.
The company says it will use the funds to enter new markets, hire new staff, and increase product innovation as part of the Movile network of companies.
The Peruvian-based company has expanded to Chile, Colombia, Mexico, Miami, Argentina, Brazil, Costa Rica, Venezuela and Ecuador and works with theaters like Cinemark.
The company’s services include searching and buying tickets, with additional features that allow users to find films based on their personal availability.
The company says it will use the funds to enter new markets, hire new staff, and increase product innovation as part of the Movile network of companies.
The Peruvian-based company has expanded to Chile, Colombia, Mexico, Miami, Argentina, Brazil, Costa Rica, Venezuela and Ecuador and works with theaters like Cinemark.
The company’s services include searching and buying tickets, with additional features that allow users to find films based on their personal availability.
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