# RecargaPay Instituição de Paço Ltda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/recargapay-instituicao-de-paco-ltda

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.recargapay.com.br
- Total disclosed funding: $102M
- Latest round: Series C (Oct 28, 2021)
- Investors on record: 13

## About

RecargaPay, based in Brazil, operates a digital payment platform that simplifies financial transactions for consumers and businesses through innovative solutions like digital wallets, loans, and cashback rewards.Founded in 2010, RecargaPay Instituição de Paço Ltda provides a digital payment platform designed to streamline financial transactions. The company is headquartered in São Paulo, Brazil, with Rodrigo Teijeiro serving as CEO. In December 2023, RecargaPay raised BRL 70 million from Milenio Capital to enhance its offerings in payments and microcredit, bringing its total funding to BRL 70 million across 6 deals.RecargaPay offers a comprehensive suite of financial services that includes a digital wallet for payments via Pix, personal loans, and a cashback rewards credit card. Users can recharge mobile phones and public transport cards while earning up to 10% cashback. The platform caters to individual consumers and small to medium-sized enterprises (SMEs) in Brazil, providing seamless payment solutions through B2B services such as payment links and Tap To Pay functionalities.RecargaPay's revenue is generated through transaction fees, interest from personal loans, and cashback partnerships. For Pix transactions using credit cards, the company charges a fee of 4.99%. The credit card offerings are designed to improve user engagement through cashback incentives. The revenue model supports both B2C and B2B interactions, enhancing transaction volumes and customer loyalty with targeted pricing plans.In December 2023, RecargaPay raised BRL 70 million in venture funding to expand its credit segment and further develop its product offerings related to payments and microcredit. The company aims to enhance its market presence by launching new products designed for the evolving financial services landscape, with specific plans for geographic expansion yet to be disclosed.

## Funding rounds

- Series C, Oct 28, 2021, $10M — Fuel Venture Capital, IDB Invest
- Series C, Feb 24, 2021, $70M — Fuel Venture Capital, ATW Partners, LUN Partners Capital, Experian Ventures, IDC Ventures
- Series B, Feb 22, 2018, $22M — Ventech, DN Capital, FundersClub, AngelList, FJ Labs, TheVentureCity, IFC Venture Capital

## Investors

- Ventech (https://capitalatlas.ai/funds/ventech) — Series B
- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Series B
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Series B
- AngelList — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- TheVentureCity (https://capitalatlas.ai/funds/theventurecity) — Series B
- IFC Venture Capital (https://capitalatlas.ai/funds/ifc-venture-capital) — Series B
- Fuel Venture Capital (https://capitalatlas.ai/funds/fuel-venture-capital) — Series C
- ATW Partners (https://capitalatlas.ai/funds/atw-partners) — Series C
- LUN Partners Capital (https://capitalatlas.ai/funds/lun-partners-capital) — Series C
- Experian Ventures (https://capitalatlas.ai/funds/experian-ventures) — Series C
- IDC Ventures — Series C
- IDB Invest (https://capitalatlas.ai/funds/idb-invest) — Series C