FintechBrazil
RecargaPay
Overview
RecargaPay provides consumers in Brazil with a wide range of digital financial services, including credit and debit cards, Pix payments, Open Finance, mobile top-ups, and personal credit loans, all within a single app. Originally launched as a mobile top-up service, the company has evolved into a broader financial platform designed to simplify how users pay, borrow, and manage money.
Authorized by the Brazilian Central Bank as both a Payment Institution and a Direct Credit Society, RecargaPay combines product breadth with regulatory positioning in one of Latin America’s most dynamic fintech markets. In 2024, the company generated $212 million in net revenue and $16 million in EBITDA, and it has been cash-flow positive since 2022.
A.GAIN co-led RecargaPay’s $70 million Series C alongside Fuel Venture Capital, as part of the company’s $152 million raised to date. With strong growth targets for 2025 and a clear path to scaling payment volume over the coming years, RecargaPay is well positioned to remain one of Brazil’s most important fintech platforms.
Authorized by the Brazilian Central Bank as both a Payment Institution and a Direct Credit Society, RecargaPay combines product breadth with regulatory positioning in one of Latin America’s most dynamic fintech markets. In 2024, the company generated $212 million in net revenue and $16 million in EBITDA, and it has been cash-flow positive since 2022.
A.GAIN co-led RecargaPay’s $70 million Series C alongside Fuel Venture Capital, as part of the company’s $152 million raised to date. With strong growth targets for 2025 and a clear path to scaling payment volume over the coming years, RecargaPay is well positioned to remain one of Brazil’s most important fintech platforms.
Website