São Paulo based Brazil focused mobile payments platform RecargaPay has raised a $22m Series B round led by IFC, TheVentureCity, and Ventech.
RecargaPay is a financial technology company democratizing mobile payments in Brazil that has reached 10 million mobile wallets and millions of monthly mobile transactions. Its goal is to simplify daily transactions by focusing on seamless user experiences ranging from mobile top ups, transport cards, bill payments, gift cards and much more. Recargapay currently has 85 employees based mainly in Sao Paulo and Rio de Janeiro, with additional offices in Buenos Aires and Miami. The company has built a world class payment, wallet and anti-fraud technology platform tailored for the opportunities and complexities of the Brazilian market. In 2016, RecargaPay was part of Mastercard StartPath Programme and is one of the top ranked financial services apps on Google Play and App Store.
https://www.pehub.com/2018/02/recargapay-hauls-22-mln-series-b/#.Wo71UMM3hzQ.twitter