RecargaPay
Founded Year
2010Stage
Series C - II | AliveTotal Raised
$146.7MLast Raised
$10M | 1 yr agoAbout RecargaPay
RecargaPay is a Brazilian company that offers a mobile payment platform and wallet. It aims to simplify daily transactions such as mobile top-ups, bill payments, gift cards and more.
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Research containing RecargaPay
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned RecargaPay in 2 CB Insights research briefs, most recently on Nov 17, 2022.
Expert Collections containing RecargaPay
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
RecargaPay is included in 2 Expert Collections, including Fintech.
Fintech
4,841 items
Payments
2,571 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Latest RecargaPay News
Feb 7, 2022
The Brazilian fintech RecargaPay announced that it has the green light from the country’s Central Bank to operate as a payment institution in the electronic money issuer modality, which allows an institution to manage prepaid payment accounts. The license allows the platform to access other systems of the national financial system, as well as expanding its services. Payment institutions make it possible to make payments independently of relationships with banks and other financial institutions. “With a solid business and a strong product, we are already helping thousands of Brazilians and, with this authorization from the Central Bank, we want to expand our offer even more. The license is yet another milestone that reinforces our growth and commitment to using technology as a financial enabler for the population,” comments the COO and co-founder of RecargaPay, Gustavo Victorica. According to the executive, the platform intends to further integrate the other areas of its ecosystem, such as PIX (Brazil’s instant transfer system), bill payment, gift cards, and many others, to offer customers a complete financial experience.
RecargaPay Frequently Asked Questions (FAQ)
When was RecargaPay founded?
RecargaPay was founded in 2010.
Where is RecargaPay's headquarters?
RecargaPay's headquarters is located at Av. Brigadeiro Faria Lima, 4055 - 9º andar, Sao Paulo.
What is RecargaPay's latest funding round?
RecargaPay's latest funding round is Series C - II.
How much did RecargaPay raise?
RecargaPay raised a total of $146.7M.
Who are the investors of RecargaPay?
Investors of RecargaPay include Fuel Venture Capital, IDB Invest, ATW Partners, IDC Ventures, Fuel Ventures and 19 more.
Who are RecargaPay's competitors?
Competitors of RecargaPay include PicPay and 1 more.
Compare RecargaPay to Competitors
Digio is a digital payment platform and online credit card created via a partnership between Bradesco and Banco do Brasil in 2016.
CloudWalk is an open payment platform for creating and managing point-of-sale, hardware-agnostic payments apps focused on North America and LatAm (Latin America). The company's payment network per the company is built from the ground up on modern technology and blockchain and focuses on disrupting the payment ecosystem for small-and-medium enterprise merchants and their customers.
Nubank is a technology-driven financial services startup. Nubank works to redefine the standard in financial services in Brazil by offering a no-fee credit card that is managed through a mobile app, as well as a digital account (NuConta). The company was founded in 2014 and is based in Sao Paulo, Brazil.
Ripio is a bitcoin consumer financial service platform that has simplified the peer-to-peer payment system in a way that is accessible to anyone with a smartphone.
Conekta is a Mexico-based online-payment system company that gives online merchants the ability to accept credit card payments.
Pomelo is building a fintech-as-a-service platform for Latin America. The company's infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cards via "compliant" onboarding processes. It was founded in 2021 and is based in Buenos Aires, Argentina.
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