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Financial Services FinTech Mobile Payments South America

RecargaPay closes a $70 million Series C

– RecargaPay, a Brazil-based fintech that allows users to top off their prepaid cell phones online, announced this morning that they’ve closed their $70 million Series C.
– The company, which operates solely in Brazil, was launched in 2010 by Miami-based serial entrepreneur Rodrigo Teijeiro, who is co-founder and CEO.
– Unlike in the U.S. where most people have a cell phone plan through a major carrier, in Brazil — a country where the minimum wage is currently $1,100 reals per month (roughly $202 USD) — many people must buy calling cards at local shops to add credit to their phones, which allows them to avoid a monthly recurring bill.

Apps Bitcoin Europe FinTech Mobile Payments

Bottlepay Raises $15M in Seed Funding

– Bottlepay, a UK-based global payments app, raised £11m ($15m) in seed funding.
– The company intends to use the funds to expand the team, develop the platform’s functionality and geographical reach.
– Backers included British fund manager Alan Howard, venture capital firm FinTech Collective and tech entrepreneur Phil Doye.

Communities Law Enforcement Mobile Payments North America Payments

Promise Receives $20M Series A Round

– Promise, a payment technology platform, has announced over $20 Million in new Series A funding.
– The funding will bring antiquated government payment systems into the 21st century.
– The company was founded to transform the inconvenient and time-consuming process of paying down government debt into something that any resident can use.

Europe Marketplace Mobile Payments Payments Real Estate

HousingAnywhere Raises €24M in Series C Funding; Acquires Kamernet

– HousingAnywhere from Rotterdam develops a rental accommodation marketplace for young professionals and international students.
– The company raised €24m in Series C funding.
– Backers included Ergeny Investments, and current investors VNV Global and Real Web, which led the round.
– Early-stage investor henQ Capital sold their stake.
– The new investment will be used to bring its marketplace and service offering to 17 more Focus Cities in Europe, to a total of 32, and to complete the acquisition of Kamernet, a Dutch classifieds website in the room, studio, and one-bedroom apartment categories.

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