Recharge is an Amsterdam-based payments platform offering digital vouchers from brands including Apple, Google, Spotify, Xbox, PlayStation and Netflix. The company operates in over 150 markets and reports serving more than 3 million customers. Recharge has generated sales of over half a billion dollars and is growing 50% year-over-year, projecting to exceed $1 billion within the next two years. It raised $35 million in a Series B led by SmartFin with participation from existing investors Prime Ventures and Kreos Capital. The new funding is earmarked to support a US market entry, deepen presence in Asia, Latin America and the Middle East, and introduce its own financial services and banking products. The company positions itself within the branded payments market, estimated in the article at over $3 trillion today and rising to $5 trillion by 2025.

Total raised

$35M

Funding rounds

1

Latest round

Series B

Latest activity

Sep 2021