RecargaPay

About

RecargaPay offers a complete ecosystem of financial services and mobile payments.

São Paulo,Sao Paulo,Brazil
501 - 1000

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $22M
Industries: Financial Services,FinTech,Mobile Payments
Founded date: Feb 1, 2010
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: RecargaPay Inc.
Also Known As: FNBox Ventures Inc.

RecargaPay is the Super App that simplifies everyday payments for consumers and SMEs in Brazil.

The platform streamlines payments for over 6 million Brazilians by consolidating credit and debit cards, instant payments like Pix, and Open Finance, on a mission to democratize mobile payments and financial services in Brazil.

Featuring services such as bill payments, mobile top-ups, public transportation, installment plans, and loans, designed with convenience, low cost and flexibility in mind. RecargaPay is changing the way both banked and unbanked Brazilians make their everyday payments and access their financial services.

Founded in 2010, having already received over $120 million in funding from investors that include IFC and IADB, RecargaPay is authorized as a Payments Institution and SCD by the Brazilian Central Bank.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$118.60M

RecargaPay has raised a total of $118.60M in funding over 2 rounds. Their latest funding was raised on Aug 1, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 1, 2022	Debt Financing	$10M	1	—	—	Detail
Oct 29, 2021	Series C	$10M	2	IDB Invest	—	Detail
Feb 24, 2021	Series C	$70M	5	Fuel Venture Capital IDC Ventures	—	Detail
Feb 22, 2018	Series B	$22M	6	TheVentureCity	—	Detail
Oct 12, 2017	Seed	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

RecargaPay has made 1 investments. Their most recent investment was on Jan 23, 2019, when NEXT Trucking raised $97M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jan 23, 2019 NEXT Trucking	Series C	$97M	Freight Service	—

Investors

Number of Lead Investors

Number of Investors

4

17

RecargaPay is funded by 17 investors. IDB Invest and IDC Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
IDB Invest	Yes	Series C
IDC Ventures	Yes	Series C
TheVentureCity	Yes	Series B
Milenio Capital	—	Debt Financing
Fuel Venture Capital	—	Series C
ATW Partners	—	Series C
Experian Ventures	—	Series C
LUN Partners Group	—	Series C
IFC Venture Capital Group	—	Series B
DN Capital	—	Series B