Recharge, a Dutch prepaid payments platform, has secured a £38 million facility with ABN Amro to fund its “ambitious M&A strategy”.Recharge bags £38m facility with ABN AmroFounded in 2010, Recharge’s platform integrates over 16,000 digital vouchers and branded prepaid money solutions, including mobile phone top-ups, gift cards, gaming cards and prepaid money cards.In the announcement, Recharge states that the facility, combined with its “robust cash reserves, and following previous funding rounds” – including a $35 million Series B raised in 2021 – has “created a substantial war chest for identifying and integrating high-potential businesses in key markets”.Quantifying this strategy, the company says it aims to close “two to three” acquisitions this year.Any successful acquisitions will be leveraged “as a growth driver”, the statement continues, and will add to a portfolio which already includes Startselect, a digital gift and gaming cards enterprise snapped up by Recharge for an undisclosed sum in 2023.Based in Amsterdam, Recharge reported 30% year-on-year revenue growth in 2024, and is now targeting over €1 billion in sales for 2025.For ABN Amro, senior banker for digital and consumer clients Bas Janssen says the collaboration with Recharge reinforces the bank’s path to becoming the “preferred tech bank in the Netherlands and North West Europe”.
Sab. Gen 18th, 2025
