
RecargaPay
Founded Year
2010Stage
Series C - II | AliveTotal Raised
$146.7MLast Raised
$10M | 2 yrs agoAbout RecargaPay
RecargaPay offers an all-in-one payment application. It provides a variety of services, such as mobile top-ups, bill payments, buying gift cards, and more. The company was founded in 2010 and is based in Sao Paulo, Brazil.
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Research containing RecargaPay
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned RecargaPay in 2 CB Insights research briefs, most recently on Nov 17, 2022.
Expert Collections containing RecargaPay
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
RecargaPay is included in 2 Expert Collections, including Payments.
Payments
2,780 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
12,502 items
Excludes US-based companies
Latest RecargaPay News
Dec 5, 2023
December 5, 2023 LinkedIn The operation was structured by Milenio Capital, a fund manager focused on the credit segment. With the funds, RecargaPay intends to expand its loan offer. Contenido para Usuarios 🔒 The launch and investment The payment application RecargaPay launched today, May 12, its first FIDC (Credit Rights Investment Fund), valued at R$ 70 million. The operation was structured by Milenio Capital, a fund manager focused on the credit segment. With the funds, RecargaPay intends to expand its loan offer. RecargaPay is a platform that allows customers to gather their credit cards in one place, pay bills, make transactions with Pix or apply for loans. The company already acts as a banking correspondent by intermediating loans since 2018. With FIDC, RecargaPay aims to "expand its credit vertical and its product offering designed to meet the needs of Brazilians in their sustainable payments and microcredit", the fintech said in a note. "We seek to democratise access to mobile payments and our loan offering is calculated, among other factors, based on a combination of proprietary data from our app and open finance," says Fabio Shibuya, vice president of credit at RecargaPay. "In addition, RecargaPay aims to solve all of our customers' needs in one place and that go beyond credit, like Pix," he adds. Recently, the digital account started offering a daily bonus with 103% of the CDI. Democratisation This first issue brought together investors from family offices, assets and banks. "The FIDC will help promote the democratisation of access to credit, reducing the costs of acquiring new clients and increasing the awareness of our partner," says Milenio Capital founding partner Gustavo Ahrends. Founded in 2010, RecargaPAY has received more than US$120 million in investment rounds with investors such as IFC and IDB. RecargaPay is authorised as a Payment Institution and SCD by the Central Bank of Brazil. In July 2021, Milenio had already participated in the structuring of a R$ 40 million financial bond issue for RecargaPay. Focused on the credit market, Milenio Capital assists companies by structuring customised solutions throughout the credit cycle. With extensive experience in credit and proprietary technology, we are committed to delivering efficient, innovative and scalable solutions to our partners, with the objective of democratising access to resources and promoting business in Brazil. Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech. The launch and investment The payment application RecargaPay launched today, May 12, its first FIDC (Credit Rights Investment Fund), valued at R$ 70 million. The operation was structured by Milenio Capital, a fund manager focused on the credit segment. With the funds, RecargaPay intends to expand its loan offer. RecargaPay is a platform that allows customers to gather their credit cards in one place, pay bills, make transactions with Pix or apply for loans. The company already acts as a banking correspondent by intermediating loans since 2018. With FIDC, RecargaPay aims to "expand its credit vertical and its product offering designed to meet the needs of Brazilians in their sustainable payments and microcredit", the fintech said in a note. "We seek to democratise access to mobile payments and our loan offering is calculated, among other factors, based on a combination of proprietary data from our app and open finance," says Fabio Shibuya, vice president of credit at RecargaPay. "In addition, RecargaPay aims to solve all of our customers' needs in one place and that go beyond credit, like Pix," he adds. Recently, the digital account started offering a daily bonus with 103% of the CDI. Democratisation This first issue brought together investors from family offices, assets and banks. "The FIDC will help promote the democratisation of access to credit, reducing the costs of acquiring new clients and increasing the awareness of our partner," says Milenio Capital founding partner Gustavo Ahrends. Founded in 2010, RecargaPAY has received more than US$120 million in investment rounds with investors such as IFC and IDB. RecargaPay is authorised as a Payment Institution and SCD by the Central Bank of Brazil. In July 2021, Milenio had already participated in the structuring of a R$ 40 million financial bond issue for RecargaPay. Focused on the credit market, Milenio Capital assists companies by structuring customised solutions throughout the credit cycle. With extensive experience in credit and proprietary technology, we are committed to delivering efficient, innovative and scalable solutions to our partners, with the objective of democratising access to resources and promoting business in Brazil. Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech. Este contenido es solo para usuarios Prime 👑 del Hub.
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 Avenida Brigadeiro Faria Lima 4055, 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, Experian Ventures, Fuel Ventures and 19 more.
Who are RecargaPay's competitors?
Competitors of RecargaPay include PicPay and 1 more.
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