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Recharge.Com’S Ceo Says Valuation Sees ‘Steep’ Increase Post £26M Funding As It Aims For International Expansion

Sep 21, 2021•almost 4 years ago

Amount Raised

£26 Million

Description

One of the renowned online consumer-branded payments startup Recharge.com has raised another round of funding. The company has announced raising a notable £26 million in its series B funding round and is all set to use it for bettering its services and accelerating its global expansion. In a conversation with UKTN, Recharge.com’s CEO Günther Vogelpoel reveals more on what’s in store for the scaleup and what are its future plans.

Company Information

Company

Recharge.Com

About

The company says it serves 3 million customers with sales of over $500 million, which is said to be growing at a rate of 50% year-on-year. I’m personally excited to get again involved in a sector I love and I look forward to contributing to the further international growth of Recharge.” UK focus with new services Recharge.com is a major player in the branded payments sector, which is currently estimated to be worth $3+ trillion and could be around $5 trillion in 2025.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech