Information Technology
Recharge partners with ABN AMRO for €45 million to boost their M&A
The €45 million facility is part of a broader strategy to leverage strategic acquisitions as a growth driver. Combined with Recharge's robust cash reserves, and following previous funding rounds, it has created a substantial war chest for M&A and aims to close two to three deals in 2025.
The competitive tender process attracted a range of proposals, with ABN AMRO emerging as the preferred partner. The bank's confidence in Recharge's market potential and alignment with their strategic approach were key factors in securing the deal.
Bas Janssen , senior banker Digital and Consumer clients, ABN AMRO , said: " ."
Recharge's CEO, Günther Vogelpoel, highlighted the company's future outlook:
The prepaid payments sector is evolving rapidly, fuelled by the shift from offline to online and the emergence of innovative use cases. Recharge's unified digital solutions are at the forefront of this change, redefining how people and businesses leverage prepaid payment products. With 30% year-on-year revenue growth in 2024 and growing demand for its digital prepaid solutions, the company has the ambition to reach €1bn of sales in 2025.
press@recharge.com
https://brand.recharge.com/share/rEY37Y4NMNZk3hQ4WPca
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