When was RecargaPay founded?

RecargaPay was founded in 2004 and raised its 1st funding round 4 years after it was founded.

Where is RecargaPay located?

RecargaPay is headquartered in Sao Paulo, Brazil.

Who is the current CEO of RecargaPay?

Rodrigo Teijeiro of RecargaPay. They have also founded 1 company.

How many employees does RecargaPay have?

As of Jul 31, 2026, the latest employee count at RecargaPay is 547.

Is RecargaPay a funded company?

RecargaPay is a funded company, having raised a total of $127M across 11 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 21, 2008.

When was the latest funding round of RecargaPay?

RecargaPay's latest funding was a $***** Series C round on Oct 28, 2021, with participation from 3 investors.

Where does RecargaPay rank among its competitors?

RecargaPay ranks 5th amongst 1455 active competitors, of which 138 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Jupiter, which secured $15M in Oct, 2025.

Who are the top competitors of RecargaPay?

RecargaPay's top competitors include Grab, PhonePe and MobiKwik. Among them, Jupiter secured the most recent funding round in October, 2025.

RecargaPay - 2026 Company Profile, Team, Funding & Competitors

RecargaPay is a series C company based in Sao Paulo (Brazil), founded in 2004 by Rodrigo Teijeiro. It operates as a Mobile wallet and prepaid card provider. RecargaPay has raised $127M in funding from investors like IFC, FundersClub and DN Capital. The company has 1455 active competitors, including 138 funded and 61 that have exited. Its top competitors include companies like Grab, PhonePe and MobiKwik.

Company Details

Mobile wallet and prepaid card provider. Users can make cellular recharges, utility bill payments, public transport payments, and also peer-to-peer transfers. The wallet can be reloaded through credit cards, bank transfers, or cash deposits in physical stores. Users can opt for a monthly subscription plan which offers features such as additional discounts, free automatic recharge, and recharge without an internet connection.

Website: recargapay.com.br
Social
Email ID: *****@recargapay.com.br

Key Metrics

Founded Year

2004

Location

Sao Paulo, Brazil

Stage

Series C

Total Funding

$127M in 11 rounds

Latest Funding Round

Series C, Oct 28, 2021, $*****

Investors

IFC & 27 more

Ranked

5^th among 1455 active competitors

Employee Count

547 as on Jul 31, 2026

Similar Companies

PhonePe & 327 more

View RecargaPay's full profile

RecargaPay has raised a total funding of $127M over 11 rounds. Its first funding round was on May 21, 2008. Its latest funding round was a Series C round on Oct 28, 2021 for $*****. 3 investors participated in its latest round. RecargaPay has 25 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of RecargaPay:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 28, 2021	7740647	Series C	5506651	7153794	7828745	2644816
Feb 24, 2021	2546687	Series C	8335064	9879375	4402515	Experian & 2 more
Feb 14, 2020	1053182	Conventional Debt	4612722	1441364	1295345	3427961

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View details of RecargaPay's funding rounds and investors

The founders of RecargaPay is Rodrigo Teijeiro. Rodrigo Teijeiro is the CEO of RecargaPay.

Here are the details of RecargaPay's key team members:

Rodrigo Teijeiro: Founder & CEO of RecargaPay.

View details of RecargaPay's Founder profiles and Board Members

RecargaPay's employee count trend

RecargaPay has 547 employees as of Jul 26. Here is RecargaPay's employee count trend over the years:

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Top competitors of RecargaPay include Grab, PhonePe and MobiKwik. Here is the list of Top 10 competitors of RecargaPay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Grab 2012, Singapore (Singapore), Public	Operator of a platform providing ride-hailing, food delivery, and payment services	$10.4B	DiDi, SoftBank Group & 107 others	88/100
2nd	PhonePe 2015, Bengaluru (India), Acquired	Provider of digital payment, financial, and technology solutions for consumers	$1.01B	General Atlantic, Walmart & 25 others	86/100
3rd	MobiKwik 2009, Gurugram (India), Public	Provider of digital payment services for mobile and utility bills	$284M	Peak XV Partners, Hindustan Media Ventures ... & 125 others	78/100
4th	Jupiter 2019, Mumbai (India), Series C	Online platform offering a suite of financial services	$201M	Peak XV Partners, Z47 & 77 others	77/100
5th	RecargaPay 2004, Sao Paulo (Brazil), Series C	Mobile wallet and prepaid card provider	$127M	10x Group, Staenberg Venture Partners & 26 others	73/100
6th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	RRE Ventures, Accel & 8 others	76/100
7th	Paytm 2000, Noida (India), Public	Provider of digital payment processing and financial service management tools	$2.76B	Alibaba Group, Berkshire Hathaway & 76 others	75/100
8th	Curve 2015, London (United Kingdom), Acquired	Provider of digital wallet software consolidating multiple payment card accounts	$323M	Cohen Circle, IDC Ventures & 105 others	75/100
9th	Citrus Pay 2011, Mumbai (India), Acquired	Online payment app for consumers and businesses	$32.5M	Peak XV Partners, Ascent Capital & 4 others	74/100
10th	GCash 2015, Taguig (Philippines), Series D	Provider of a platform for financial transactions and related services	$175M	Bow Wave Capital Management, Warburg Pincus ... & 1 others	73/100