The round 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 USD 22 million through its Series B investment round. RecargaPay has raised more than USD 100 million to date.
RecargaPay is a mobile payments platform and e-wallet in Brazil that aims to simplifying everyday payments for banked and unbanked customers. RecargaPay is planning to use the funds to enable additional recruiting for its team around the world.
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