RecargaPay

paymentsmobile/digital walletbill payments

FOUNDING YEAR: 2010
LOCATION: Brazil
Last Update: 19/01/2021

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Pague tudo com carto de crdito ou dinheiro! Recarregue o celular e o carto de transporte com 5% de cashback. Pague boletos sem taxas e em at 12x. Baixe j!

MEDICI Analysis

RecargaPay is an airtime and bill payments company. It is a mobile prepaid top-up platform in Brazil and Latin America, and it is now expanding into utility bill payments and financial services for the unbanked.

Focus

PRODUCTS & SERVICES

Mobile-top-ups

REVENUE MODEL

Recargapay revenue model is not disclosed. However since the company has collaborated with various partners, it must be taking a processing fee for every top-up/recharge done

MAIN CLIENTS

Retail consumers

EXISTING PARTNERSHIPS

Tim

Claro

oi

Algar

vivo

nextel

People

FOUNDERS

Rodrigo Teijeiro

Alvaro Teijeiro

Gustavo Victorica

BOARD MEMBERS AND ADVISORS

Alejandro Estrada

Steve Schlenker

Laura González-Estéfani

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Angelist

Ariel Lebowits

Damian Voltes

Daniel Curran

DN Capital

Fabrice Grinda

FJ Labs

Funder's Club

IFC

IFC Venture Capital Group

Jeff Epstein

Joe O'Connor

Justin Darcy

Martin Varsavsky

Peter Kellner

Stephanie DiCarlo

Surender Punia (MD)

TheVenture

Ventech

Ventech projects ltd

ATW Partners

TheVentureCity Fund

Jose Marin

KEY EMPLOYEES:

Rodrigo Teijero (CEO); Gustavo Victorica (COO); Alvaro Teijeiro (CTO); Diego Escobar (CFO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

5

TOTAL FUNDING

$46.9 M

DATE OF LAST FUNDING

Feb 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company intends to use the funds to continue to grow its team and build new tech products(Feb 2018).

ESTIMETED REVENUE RANGE

$1M to $10M

FUNDING SERIES

SERIES A  · $8.2 M  · Mar 2015

SERIES B  · $22 M  · Feb 2018

OTHERS  · $16.7 M · Oct 2017

DEBT FUNDING

$2.5 M

LISTED

NO

COMMENT

Conventional Debt: $1.39 M(March 2015)

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

2,384,690

AVERAGE VISITS (6 MONTHS)

4,252,080.12

MONTHLY VISITS GROWTH

-44.88%

VISIT DURATION

107

VISIT DURATION GROWTH

17.67%

PAGE VIEWS VISIT

1.86

PAGE VIEWS VISIT GROWTH

26.24%

BOUNCE RATE

83.35%

BOUNCE RATE GROWTH

-3.09%

GLOBAL TRAFFIC RANK

27,460

MONTHLY RANK CHANGE

7,759

MONTHLY RANK GROWTH

39.38%

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp