- €45M facility from ABN AMRO to accelerate acquisitions
- Recharge targets €1bn in sales by 2025
What happened: Recharge’s M&A strategy strengthens prepaid payment position
Recharge, a European leader in online prepaid payments, has secured a €45 million funding facility from ABN AMRO to accelerate its mergers and acquisitions (M&A) strategy. This investment supports Recharge’s goal to consolidate the growing prepaid payments market, enhancing its market presence and opening new segments.
Recharge, which has already seen a 30% year-on-year revenue increase in 2024, plans to make two to three acquisitions in 2025 to support its ambitious growth targets. This deal with ABN AMRO comes after a competitive tender process, making the bank Recharge’s preferred financial partner.
Recharge’s comprehensive digital solutions cater to the rising demand for online payment options, allowing it to cater to a growing global market. The company aims to reach €1 billion in sales by 2025, reinforcing its leadership position in the prepaid payments sector.
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Why it’s important
This €45 million facility highlights the ongoing transformation within the prepaid payments industry, where consolidation is key to long-term growth. Recharge’s move to strengthen its M&A strategy comes at a time when the sector is experiencing rapid digital adoption, with online payments becoming an integral part of the consumer and business landscape.
This funding will enable Recharge to make strategic acquisitions, which could position the company to capture an even larger share of the market. The deal also underscores ABN AMRO’s commitment to supporting digital transformation, aligning with its strategy to become the go-to bank for tech companies in the Netherlands and North West Europe.
The partnership with Recharge is part of the bank’s broader push to back innovation in the digital sector. Recharge’s ability to scale its operations quickly and efficiently through acquisitions could reshape the prepaid payment ecosystem and set new standards for how businesses and consumers interact with digital currencies.
