Brazil-Based Mobile Payments Platform RecargaPay Attracts $70 Million

Source: Crowdfund Insider

Brazil-based mobile payments platform RecargaPay announced on Wednesday it secured $70 million through its Series C funding round, which was co-led by IDC Ventures and Fuel Venture Capital with participation from  ATW, LUN Partners, and Experian. The funding round comes less than three years after Recarga raised $22 million through its Series B investment round. RecargaPay has raised more than $100 million to date.

As previously reported, RecargaPay is a mobile payments platform and wallet for Brazil that is focused on simplifying everyday payments for banked and unbanked consumers in Brazil.

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