|Type of business||Private|
Type of site
|Mobile Money Wallet|
|Founded||November 1, 2010|
|Key people||Rodrigo Teijeiro|
|Employees||300 (March 22, 2020) |
|Users||Over 10 million wallets |
RecargaPay is a Brazilian fintech company that provides online money services. It was founded in 2010 by Rodrigo Teijeiro, Alvaro Teijeiro, and Gustavo Victorica. The company has over 300 employees based mainly in São Paulo, Buenos Aires, Argentina, and Miami, USA.
The company was founded in 2010 by brothers Rodrigo and Álvaro Teijeiro, currently CEO and CTO respectively, and Gustavo Victorica, current COO.
Recarga.com operated in Latin America and in the United States under the ownership of Fnbox, a technology holding company that manages various online businesses. By August 2012, the company had processed transactions in six countries for 110,000 customers across more than twenty mobile carriers.
In February 2018 RecargaPay had raised $63 million in venture capital from a group of investors including IFC, TheVentureCity, DN Capital, Fabrice Grinda, Martin Varsavsky.
RecargaPay allows payments through credit card, debit card, Livelo points, PIX, or its wallet which can be loaded via boleto, deposit, or bank transfer. In the free plan, payments up to 500 reais have no extra charges, and in the Prime+ plan, it's up to 2,000 reais a month.
Some merchants resell RecargaPay's services to attract customers, using phone recharges and bill payments for incentives.
- Cell phone recharges
RecargaPay supports multiple carriers: Claro, TIM, Vivo, Oi, Correios, Sercomtel, Algar, and Surf Telecom. It offers scheduled recharges, and an Offline Recharge option for those without credits.
- Transport card recharge
The service covers transportation cards from various cities, such as Bilhete Único and Cartão TRI, and offers cashback on the first recharge up to 20 reais with an automatic recharge option.
In 2016, RecargaPay was nominated in two categories of the Latam Founders Awards: Most Innovative Company and Best B2C Company, losing in both nominations for Pipefy and Nubank, respectively. At the ReclameAqui Awards, RecargaPay received honors for four consecutive years: it achieved third place for Online Payments two times, the second place for Financial Solutions and the fifth place for Digital Payment Method.
|2020||ReclameAqui||Digital Payment Methods||5th Place|
|2019||Financial Solutions||2nd Place|
|2018||Online Payments||3rd Place|
|2016||LATAM Founders||Best B2C Company||Nominated|
|Most Innovative Company||Nominated|
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