Bemobi Mobile Tech S.A. agreed to acquire an unknown stake in New Wave Tech S.A. from 200 Tech Serviços do Brasil Ltda. for BRL 7.5 million.

Bemobi Mobile Tech SA is a Brazil-based company involved in the mobile media and entertainment industry. The Firm is focused on the distribution and monetization of mobile apps, games and digital services. The Company operates in a Business-To-Business-To-Consumer (B2B2C) model, in partnerships with mobile operators. The Company’s services are divided into three units: Applications and Games, Microfinance and Communications. The Applications and Games unit is focused on subscription-based Apps Club, which offers mobile applications and games provided by the Company’s content partners, including developers, publishers and distributors. The Microfinance unit provides services for prepaid mobile users, including recharging by credit or debit card and Airtime and Data Advance packages payable at next recharge, among others. The Communications unit provides solutions related to voice calls, such as voicemail and audio to text transcription.