The online payments industry accelerated and touched new heights during the pandemic. Consolidated payment options are also gaining traction and branded payments provider Recharge.com has now announced raising £8.62 million in a debt funding round.
With the new funds, the European fintech aims to further enhance its mobile offering, extend its product range and accelerate its international expansion. London-based Kreos Capital, who specialises in providing financing for high-growth companies, was a major contributor for the company’s latest funding round.
Further, Recharge.com has also appointed serial fintech entrepreneur Michael Kent as its new non-executive chairman. Kent founded and scaled global cross-border payments companies Small World and Azimo along with UK neobank Tandem.
In an exclusive conversation with UKTN, Recharge.com’s CEO Günther Vogelpoel tells us more about the company, how it is changing the current status quo on branded payments and how Michael Kent’s appointment affects the company’s goals for 2021. ...