About RecargaPay
RecargaPay is a company based in Sao Paulo (Brazil) founded in 2004 by Rodrigo Teijeiro, Gustavo Victorica, and Alvaro Teijeiro.. RecargaPay has raised $126.9 million across 11 funding rounds from investors including Experian, The World Bank and FundersClub. RecargaPay operates in a competitive market with competitors including MoneyGram, NG.CASH, QIWI, PicPay and CarePay, among others.
- Headquarter Sao Paulo, Brazil
- Founders Rodrigo Teijeiro, Gustavo Victorica, Alvaro Teijeiro
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$126.9 M (USD)
in 11 rounds
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Latest Funding Round
$10 M (USD), Series C
Oct 28, 2021
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Investors
Experian
& 16 more
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Employee Count
Employee Count
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Funding Insights of RecargaPay
RecargaPay has successfully raised a total of $126.9M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series C — $10.0M
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First Round
First Round
(21 May 2008)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series C - RecargaPay | Valuation | IDB Invest | |
| Feb, 2021 | Amount | Series C - RecargaPay | Valuation | IDC Ventures , Fuel Venture Capital | |
| Feb, 2020 | Amount | Debt – Conventional - RecargaPay | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RecargaPay
RecargaPay has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Experian, The World Bank and FundersClub. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Innovative investments are targeted by this venture capital firm.
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Founded Year | Domain | Location | |
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Tech startups are funded by IDC Ventures venture capital firm.
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Founded Year | Domain | Location | |
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Investments in tech startups are managed by LUN Partners Group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RecargaPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RecargaPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Recargapay Comparisons
Competitors of RecargaPay
RecargaPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, NG.CASH, QIWI, PicPay and CarePay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
A digital banking platform is operated for the new generation.
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| domain | founded_year | HQ Location |
Consumer payments are enabled via a card-linked wallet app.
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| domain | founded_year | HQ Location |
Wallet-enabled payment solution for individuals and businesses
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Recargapay
Frequently Asked Questions about RecargaPay
When was RecargaPay founded?
RecargaPay was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Where is RecargaPay located?
RecargaPay is headquartered in Sao Paulo, Brazil.
Who is the current CEO of RecargaPay?
Rodrigo Teijeiro is the current CEO of RecargaPay. They have also founded this company.
Is RecargaPay a funded company?
RecargaPay is a funded company, having raised a total of $126.9M across 11 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.5M, raised on May 21, 2008.
What does RecargaPay do?
RecargaPay was founded in 2004 in Sao Paulo, Brazil, within the fintech sector. Mobile wallet and prepaid card options are offered to support cellular recharges, utility bill settlements, public transport payments, and peer-to-peer transfers. Wallet balances are replenished via credit cards, bank transfers, or cash deposits at retail locations. A subscription plan is available monthly, including discounts, automated recharges, and offline access features.
Who are the top competitors of RecargaPay?
Who are RecargaPay's investors?
RecargaPay has 17 investors. Key investors include Experian, The World Bank, FundersClub, International Finance Corporation, and Wellfound.
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