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FT Partners Advises RecargaPay on its $22,000,000 Series B Finanacing

Overview of Transaction

  • On February 22, 2018, RecargaPay announced it has raised $22 million in Series B financing
  • New investors in the round include IFC, a member of the World Bank Group, TheVentureCity and Ventech
  • Notable entrepreneurs Fabrice Grinda and Martin Varsavsky, more than 100 angel investors through AngelList and FundersClub, as well as existing investors DN Capital and FJ Labs, also participated
  • Headquartered in Sao Paulo, Brazil, RecargaPay is democratizing mobile payments for banked and unbanked consumers in Brazil
  • RecargaPay simplifies daily transactions such as mobile top ups, transport cards, bill payments, gift cards and much more
  • The Company has over 10 million mobile wallet users today and supports millions of monthly mobile transactions

Significance of Transaction

  • With this latest capital raise, RecargaPay will continue to grow its world-class team and focus on building out its products and technology

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to RecargaPay and its Board of Directors
  • This transaction underscores FT Partners' successful track record generating highly favorable outcomes for high growth FinTech companies globally