Brazil-based RecargaPay accumulates $70M Series C Round

An EBITDA positive RecargaPay has raised over $100M till now. The largest and biggest payments and mobile money platform in Brazil aim to amplify its payment platform. Enabling millions of users to utilize digital financial systems. The capital will help the company to enhance its financial services facilitating small businesses and consumers along with the development of its much-loved subscription program Prime+. RecargaPay now employs over 300 people; the capital will help it to increase its headcount. Born in Brazil in 2010 the company created a user-friendly financial ecosystem accessible to all. With the RecargaPay app its clients can fulfill their financial needs with ease. With its launch, the company has been able to solve the hassles of traditional payment methods with its digital wallet for Brazilians of all income groups. The pandemic has also given the company the necessary amount of boost needed.

CEO Rodrigo Teijeiro explains that the app helps people in situations of grave crisis which is the reason clients with bank accounts prefer RecargaPay for hassle-free and fast transactions.RecargaPay has immensely helped the people of Latin America where financial advice, loans, credit cards, etc has been elusive to people. With its effective digital payment portal, Brazilians now have access to credits. Bobby Aitkenhead, the managing partner at IDC ventures, is hoping that the company would be helpful to the people.

RecargaPay

RecargaPay gives easy and secure access to digital payments. It is a leader in its field dedicating itself to making digital payments accessible to all. Paying loans, paying bills, using credit and debit cards, and many more efficient features RecargaPay makes easy for its clients. The app can also be downloaded from ios and Android.

Fuel Venture Capital

Shaping the future of society Fuel Venture Capital’s mission is to push and apply innovative and new ideas to give access to all into the creative economy. Led by an intrinsic team of 60 years or more of experience in investment banking the platform prides itself on a clientele of about 20 companies around the world.

IDC Ventures

An entrepreneur-based company working round the clock for entrepreneurs. Standing at the front row of digital innovation IDC supports, invests, identifies, and pushes forward disruptive companies. With groundbreaking ideas and visionary entrepreneurs, it has an unfaltering and unmoving commitment to its team and vision. With its Series A bagging, it now aims to grow in the US, Europe, and Latin America.