“Are you tired of wasting time and energy trying to top up your prepaid cell phone? Look no further than RecargaPay, the Brazil-based platform that allows users to easily recharge their phones online. And now, with a recent $70 million Series C funding round, RecargaPay has raised over $100 million in total investments. In this blog post, we’ll dive into what makes RecargaPay so successful and how it’s changing the game for mobile recharging in Brazil.”
Brazil-based RecargaPay raises $70M Series C
Brazil-based RecargaPay, which allows users to top up prepaid cell phones online, has raised $70M in Series C funding, bringing its total raised to over $120M. The round was led by Valor Capital Group, with participation from prior investors Monashees and Quona Capital.
This latest round of funding will be used to continue scaling RecargaPay’s business in Brazil and expand into new markets. With over 30 million registered users, RecargaPay is one of the largest prepaid top-up providers in Brazil. The company has been growing rapidly, with transaction volume increasing 400% year-over-year.
RecargaPay’s platform is convenient for consumers and provides a valuable service for merchants as well. By allowing customers to top up their prepaid phones online, RecargaPay helps merchants reach a larger customer base. In addition, the company offers discounts and loyalty programs that benefit both consumers and merchants.
With this latest round of funding, RecargaPay is well-positioned to continue its rapid growth and expansion into new markets.
What is RecargaPay?
Brazil-based RecargaPay, which allows users to top up prepaid cell phones online, raises $70M Series C, bringing its raised to over $M (Marcella McCarthy/TechCrunch)
RecargaPay is a Brazil-based startup that allows users to top up prepaid cell phones online. The company has raised a $70M Series C round of funding, which brings its total raised to over $100M. The new funding will be used to expand the company’s operations and product offerings.
How does it work?
Prepaid cell phones are a big deal in Brazil. They’re used by around 70 percent of the country’s population of 200 million people, and RecargaPay has become one of the leading platforms for online top-ups.
The service lets users pay for their airtime using a credit or debit card, and then receive a top-up code that they can redeem at any of the company’s partner stores. These include convenience stores, gas stations, and newsstands.
RecargaPay has now raised $12 million in Series C funding, led by Valor Capital Group. This brings its total raised to over $20 million, and it comes just six months after the company raised a $7 million Series B.
What are the benefits of using RecargaPay?
There are many benefits of using RecargaPay to top up your prepaid cell phone. For one, it is a convenient way to do so. You can top up your phone anytime, anywhere, and you don’t have to worry about running out of credit. Additionally, it is a safe and secure way to pay for your phone credit. You can use either your debit or credit card to pay, and your payment information is protected by encryption. Finally, RecargaPay offers competitive rates for topping up your phone.
How to top up your cell phone with RecargaPay
In order to top up your cell phone with RecargaPay, simply follow these steps:
1. Go to the RecargaPay website and create an account.
2. Once you have created an account, you will be able to log in and view your balance.
3. To top up your cell phone, simply enter the amount you wish to add to your balance and select the ‘Top Up’ button.
4. Your transaction will then be processed and you will receive a confirmation message once it is complete.
Conclusion
With its latest Series C funding, RecargaPay has raised more than $100 million to date and shows no signs of slowing down. The company’s mission is to make it easier for people in Brazil to purchase items online, access financial services, transact securely, and pay bills without the hassle of traditional banking methods.
With this new funding round, RecargaPay can continue to innovate in the space and provide users with an even better experience when they are topping up their mobile phones online. This is a great step forward for digital payments in Brazil and we look forward to seeing what other products RecargaPay will bring out as they continue on their growth journey.
