RecargaPay is a Brazil-based fintech launched in 2010 by Rodrigo Teijeiro that enables users to top off prepaid cell phones online and offers a broader suite of payments and financial services. The company converted its website into an app in 2014 and now operates solely in Brazil after exiting other markets. Core offerings include mobile top-ups, gift cards, microloans, public-transport card refills, bill payments and a subscription program called Prime+. RecargaPay charges a monthly fee of 19.99 reals and passes along a 4% cashback on top-ups; the company is EBITDA positive according to its CEO. It has raised just over $100 million to date and plans to use the new funding to expand financial services for small businesses and consumers and further develop Prime+. RecargaPay positions itself within the same ecosystem as larger digital banks like Nubank rather than as a direct competitor. RecargaPay is a Brazilian mobile payments platform and digital wallet provider that offers payment, wallet and anti-fraud technology to simplify daily transactions. Its product suite includes mobile top-ups, transport cards, bill payments, gift cards and other payments, and its apps rank among the top financial‑services apps on Google Play and the App Store. The company emphasizes seamless user experiences and anti‑fraud capabilities. RecargaPay has 85 employees based mainly in Sao Paulo and Rio de Janeiro, with additional offices in Buenos Aires and Miami. It was founded by Rodrigo Teijeiro, Alvaro Teijeiro and Gustavo Victorica. The company says it will use the new funding to grow its team and build new technology products.

Total raised

$92M

Funding rounds

2

Latest round

Series C

Latest activity

Feb 2021