RechargePay is the leading mobile payment wallet for personal use and for business in Brazil. It is also the number one app for mobile top-ups.
RecargaPay allows the banked and unbanked to transact seamlessly in the same mobile money ecosystem to pay for top-ups, bill pay, transport cards, gift cards and much more.
RecargaPay was founded in Feb 1, 2010 by Rodrigo Teijeiro, Álvaro Teijeiro, and Gustavo Victorica. The company headquarter is located in São Paulo/ SP, with operations in Rio de Janeiro, Buenos Aires and Miami.
RecargaPay empowers customers and merchants to complete essential transactions with convenience, without the need to wait in lines. With RecargaPay, it's easy to pay bills in installments; cash in using boleto, with credit cards, debit cards, loans, QR codes, mPOS and Pix; and cash out, with multiple efficient alternatives.
RecargaPay's digital wallet solutions have served Brazilians of all income levels, evidence that traditional payment systems have not comprehensively addressed broad consumer needs and wants. RecargaPay has reached more than 3,5 millions active users per month, annualized.
RecargaPay is backed by IDC Ventures, Fuel Venture Capital, LUN Partners, Experian Ventures, ATW Partners and others. The company raised $70M in Series C round on Feb 24, 2021. This brings RecargaPay's total funding to $134.6M to date.