We are thrilled that our portfolio company\u00a0RecargaPay,\u00a0the\u00a0leading Brazil-based fintech that allows users to top off their prepaid cell phones online, has raised a\u00a0$70 million Series C round\u00a0from\u00a0Fuel Ventures\u00a0and\u00a0IDC Ventures.\u00a0The company has raised\u00a0just over $100 million in capital to date from\u00a0DN Capital\u00a0as well as\u00a0FJ Labs,\u00a0Ventech\u00a0and others, and it plans to use the latest funding\u00a0to expand its financial services offerings to small businesses and consumers and further develop\u00a0its popular subscription program Prime+.<\/p>\n
\u201cWe look forward to further expanding our platform and bringing\u00a0RecargaPay\u00a0to a broader market with the support of our investors and our growing international team<\/em>\u201d (RecargaPay\u00a0founder and CEO\u00a0Rodrigo Teijeiro)<\/p>\n Since investing in the company’s Series A round in 2014, DN Capital has had the great pleasure of helping the team build up its operations in LatAm and grow the company to become one of the leading fintech players in Brazil. RecargaPay is a pioneer in the payments sector, being one of the first all-in-one vertically integrated payment\u00a0platforms serving such a wide array of everyday needs. The platform lets users conveniently top off their cell phones and\u00a0gives them the ability to buy gift cards, apply for and receive microloans, refill their public transportation cards and pay bills. The long-term plan is to build a complete mobile money ecosystem for the “unbanked” but also the “banked” in Brazil and other geographies.<\/p>\n Going forward, we are thrilled to continue to support\u00a0a company\u00a0that is actively improving the lives of so many people by giving them more control over their\u00a0finances, while challenging the status quo of banking systems.<\/p>\n","protected":false},"excerpt":{"rendered":" We are thrilled that our portfolio company\u00a0RecargaPay,\u00a0the\u00a0leading Brazil-based fintech that allows users to top off their prepaid cell phones online, has raised a\u00a0$70 million Series C round\u00a0from\u00a0Fuel Ventures\u00a0and\u00a0IDC Ventures.\u00a0The company has raised\u00a0just over $100 million in capital to date from\u00a0DN […]<\/p>\n","protected":false},"author":5,"featured_media":664,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[21,16,25,33],"class_list":["post-663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-news","tag-dn-captal","tag-fintech","tag-fundraise","tag-recargapay"],"_links":{"self":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/comments?post=663"}],"version-history":[{"count":1,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/663\/revisions"}],"predecessor-version":[{"id":665,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/663\/revisions\/665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media\/664"}],"wp:attachment":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media?parent=663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/categories?post=663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/tags?post=663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}