RecargaPay is a Brazilian fintech company founded in 2010 by Rodrigo Teijeiro, Álvaro Teijeiro, and Gustavo Victorica. It specializes in providing online money services and operates as a comprehensive digital payment platform primarily targeting the Brazilian market. The company has a notable presence with over 300 employees located in São Paulo, Buenos Aires, and Miami.

The company’s platform offers users a variety of financial services including mobile payments, bill payments, Pix payments with any credit card, and money transfers without needing physical banking details or card machines. RecargaPay also integrates cashback incentives for purchases made from popular retailers and services such as iFood, Amazon, and Casas Bahias, enhancing user engagement and value.

In addition to payment services, RecargaPay has diversified its offerings by launching prepaid cards and enabling the purchase of prepaid TV and gift cards with similar cashback benefits. The company’s business model largely depends on transactional revenues, charging fees for select services, for example, PIX payments using credit cards. It also has a subscription-like offering named Prime+ that provides users with additional benefits.

Expanding its financial services, RecargaPay recently received approval from the Central Bank of Brazil to operate as a Direct Credit Society, enabling it to offer small loans to users. This move fits into its mission to democratize access to financial services and strengthen financial inclusion in Brazil.

With significant venture capital backing, including notable investors such as IFC, TheVentureCity, and DN Capital, RecargaPay is considered the largest mobile payments and digital financial services ecosystem in Brazil. Its strategic growth and comprehensive service lineup position it as a key player in Brazil’s rapidly evolving fintech market.