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Brazilian fintech RecargaPay raises $70M Series C round

Feb 24, 2021•over 4 years ago

Amount Raised

$70 Million

Round Type

series c

Sao Paulo

Description

RecargaPay, Brazil's largest payments and mobile money ecosystem, has raised $70 million to further enhance its all-inclusive payment platform, democratizing access to digital financial services for millions of new users. Currently EBITDA positive and with a revenue run rate of over USD$50 million, RecargaPay has raised over $100 million to date.

Company Information

Company

Recargapay

Location

Sao Paulo, Sao Paulo, Brazil

About

RecargaPay is Brazil's leading all-in-one payments platform, dedicated to providing secure and easy access to mobile payments and financial services for all. Founded in 2010, RecargaPay empowers customers and merchants to complete essential transactions with convenience, without the need to wait in lines. With RecargaPay, it's easy to pay bills in installments; cash in using boleto, with credit cards, debit cards, loans, QR codes, mPOS and Pix; and cash out, with multiple efficient alternatives. The RecargaPay app is available for free via Android and iOS. To learn more about RecargaPay, visit our website: recargapay.com.br.

Funding Insights

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