RecargaPay

RecargaPay do Brasil Serviços de Informática Ltda.
Screenshot
RecargaPays's home page
Type of businessPrivate
Type of site
Mobile Money Wallet[1]
Available inPortuguese
FoundedNovember 1, 2010 (2010-11-01)
Headquarters
São Paulo
,
Brazil
Area servedBrazil
Founders
Key peopleRodrigo Teijeiro
(CEO)
Álvaro Teijeiro
(CTO)
Gustavo Victorica
(COO)
Diego Escobar
(CFO)
Diego Belbussi
(CMO)
IndustryInternet
ProductsCredit card (for individuals and businesses)

Personal Loans Pix (instant payment system) Pix with credit card Earnings of 110% of the CDI (Interbank Deposit Certificate) Bill and boleto payments Business account Payment link Card reader (Maquininha) Tap to Pay Mobile phone top-up

Transportation card top-up
Employees+ 600 (2024) (March 22, 2024) [2]
URLrecargapay.com.br
RegistrationRequired
UsersOver 10 million users [3]
Current statusActive

RecargaPay is a Brazilian mobile payments app company that provides online financial services for banked and unbanked individuals nationwide. It was founded in 2010 by Rodrigo Teijeiro, Alvaro Teijeiro, and Gustavo Victorica. The company has over 600 employees based mainly in São Paulo, Buenos Aires, Argentina, and Miami, USA, and has reported over 10 million active users.[4]

The platform operates as a digital wallet, allowing users to perform a range of financial transactions, including mobile phone and public transport card top-ups, as well as bill and invoice payments.[5] In addition, the service provides options for applying for credit cards and personal loans directly through the application.[6]

History

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.[7]

In 2013, Fnbox began a process of dismemberment to focus exclusively on the mobile recharge business.[8] Consequently, Recarga.com became RecargaPay, and diversified its product offering.[9]

Since its launch, RecargaPay has recorded over 30 million app downloads and raised more than USD 120 million through multiple funding rounds.[10] Notable investors include the International Finance Corporation (IFC), IDB Invest, and Fuel Venture Capital.

RecargaPay is authorised by the Central Bank of Brazil as a Payment Institution (electronic money issuer), Direct Credit Society (SCD, licensed October 2021), and Credit, Financing, and Investment Society (SCFI, licensed in 2024).[11][12]

Services

RecargaPay allows payments through credit card, debit card, PIX, or its wallet which can be loaded via Pix or credit card.

Merchants can resell RecargaPay’s services to attract customers, offering mobile phone recharges and bill payments. The business account also provides additional features, such as credit cards with cashback and payment collection methods, including payment links and tap-to-pay options.[13]

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.[14]

Transport card recharge

The service covers transportation cards from various cities, such as Bilhete Único and Cartão TRI. The company offers this service to over 30 transportation cards through the country, reaching more than 60 cities.[15][16][17]

Personal Loans

RecargaPay also offers a personal loan service through its app. Eligible users can access pre-approved credit directly via the app, with a simplified application process and installment payment options. Loan availability is subject to credit analysis and the terms and conditions established by the company.[18][11]

Credit Cards

RecargaPay issues credit cards in standard, Black, and Platinum versions. It also offers a “limite garantido” card (a secured-limit product), in which the spending limit is backed by a user deposit and defined through the app.[19][20]

Accolades

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.[21] 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.[22][23]

Year Award Category Result
2020 ReclameAqui Digital Payment Methods[24] 5th Place
2019 Financial Solutions[22] 2nd Place
2018 Online Payments[23][25] 3rd Place
2017 3rd Place
2016 LATAM Founders Best B2C Company[26] Nominated
Most Innovative Company[26] Nominated

References

  1. ^ Kemmer Cernev, Adrian (March–April 2017). "O futuro do dinheiro eletrônico". Gvexecutivo. 16 (2): 44. Retrieved April 12, 2018.
  2. ^ "RecargaPay Raises $22M in Series B Funding", FinSMEs (REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS), 02/22/2018
  3. ^ Bloomberg , ", Linkedin Pulse, 07/21/2016
  4. ^ Bonfim, Marcos (2025-02-27). "RecargaPay chega a 10 milhões de usuários e R$ 1,2 bi em receita. E prevê acelerar". Bloomberg Línea Brasil (in Brazilian Portuguese). Retrieved 2025-08-08.
  5. ^ "RecargaPay founder shares insights on building a Brazilian fintech giant, and what's next - Refresh Miami". 2024-11-12. Retrieved 2025-10-01.
  6. ^ "IDB Invest To Support Digital Payments Through Brazil's RecargaPay | IDB Invest". idbinvest.org. Retrieved 2025-10-01.
  7. ^ "Latin American E-Commerce Leader Fnbox Chooses Adyen's Payments Platform To Facilitate Global Expansion". redOrbit. August 21, 2012. Retrieved September 12, 2012.
  8. ^ "Latin America leads Global Mobile Growth". World Bank. July 18, 2012. Archived from the original on August 22, 2012. Retrieved September 12, 2012.
  9. ^ "Our team". Fnbox Ventures, Inc. Retrieved September 12, 2012.{{cite web}}: CS1 maint: deprecated archival service (link)
  10. ^ Castro, Mariangela (2021-10-28). "RecargaPay recebe investimento de R$ 55 milhões para expansão da plataforma". Forbes Brasil (in Brazilian Portuguese). Retrieved 2025-10-01.
  11. ^ a b "RecargaPay recebe aprovação do BC para atuar como financeira". Valor Econômico (in Brazilian Portuguese). 2024-10-18. Retrieved 2025-10-01.
  12. ^ Martins, Danylo (2024-10-18). "RecargaPay recebe autorização do BC para virar financeira". Finsiders Brasil (in Brazilian Portuguese). Retrieved 2025-10-01.
  13. ^ "RecargaPay transforms cell phones into POS terminals with the launch of a new service | TI INSIDE Online". tiinside.com.br. Retrieved 2025-10-01.
  14. ^ "RecargaPay" (in Portuguese). RecargaPay. Retrieved May 31, 2021.
  15. ^ "App que carrega o Bilhete Único: veja como usar o RecargaPay no celular". Techtudo (in Portuguese). February 13, 2019. Retrieved May 31, 2021.
  16. ^ "Bilhete Único pode ser recarregado por aplicativo de celular em São José" (in Portuguese). Meon. Retrieved May 31, 2021.
  17. ^ "ACTU inicia vendas de passagens online via RecargaPay" (in Portuguese). Engeplus Empresas. March 10, 2021. Retrieved May 31, 2021.
  18. ^ TudoCelular.com (2024-10-20). "RecargaPay passa a operar como financeira e promete mais opções de crédito a usuário". TudoCelular.com (in Brazilian Portuguese). Retrieved 2025-10-01.
  19. ^ dino. "RecargaPay lança cartões de crédito Black e Platinum". Terra (in Brazilian Portuguese). Retrieved 2025-10-01.
  20. ^ orseni; Pequeno, Orseni (2025-06-16). "RecargaPay lança cartões Platinum e Black com cashback, salas VIP e spread zero - confira os detalhes". Melhores Cartões (in Brazilian Portuguese). Retrieved 2025-10-01.
  21. ^ "Third Annual Latam Founders Award Gala to Be Held in Sao Paulo" (in Portuguese). São Paulo: Latam Founders Network. April 12, 2016. Retrieved April 18, 2021 – via PR Newswire (Cision US, Inc.).
  22. ^ a b "Prêmio Reclame AQUI 2017" (in Portuguese). Reclame AQUI. 2019. Archived from the original on March 17, 2021. Retrieved April 18, 2021.
  23. ^ a b "Netflix é a grande vencedora do prêmio Época ReclameAqui 2018". Época (in Portuguese). Globo.com. October 30, 2018. Retrieved April 18, 2021.
  24. ^ "Prêmio Reclame AQUI 2017" (in Portuguese). Reclame AQUI. 2020. Archived from the original on March 17, 2021. Retrieved April 18, 2021.
  25. ^ "Prêmio Reclame AQUI 2017" (in Portuguese). Reclame AQUI. 2017. Archived from the original on June 2, 2021. Retrieved April 18, 2021.
  26. ^ a b Santos, Fernanda (May 11, 2016). "E os vencedores do Latam Founders Awards 2016 são…" (in Portuguese). Startupi. Archived from the original on June 2, 2021. Retrieved April 18, 2021.
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