Another acquisition for the books. Coda, which enables users to pay global digital publishers, has acquired Recharge, a prepaid payments platform headquartered in Amsterdam.

• The deal’s value was not shared. 

A little help? The transaction is backed by Apis Partners, Insight Partners, Smash Capital, along with Coda’s other investors. 

Full steam ahead. According to a statement, based on 2024 figures, the combined business would have processed over $1.75B in sales, reaching over 200M users across more than 180 markets.

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♠️ Who’s the buyer? 

Launched in 2011, Coda enables leading mobile gaming and digital content publishers like Riot Games, HoYoverse, and Moonton to accept $$$ from over 400 local payment options.

The challenge. They’re global companies that need to be able to accept money through different payment channels across countries. 

• With Coda, customers can use their favorite local payment method!

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🪷 The benefits

For Coda. The move will speed up Coda’s expansion beyond gaming and increase its capacity to serve the broader digital content economy. 

• The partnership will enable their customer base to access prepaid payment methods (gift cards, vouchers, top-ups) to pay for online games and streaming platforms. 

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👋🏼 And for Recharge?

The acquisition will enable Recharge to access Coda’s B2B expertise and relationships with global digital publishers and platforms. It will also accelerate their expansion into high-potential markets in Asia!

• They offer prepaid storefronts such as Recharge.com and Startselect.com that sell over 16K products (gift cards, mobile top-ups, gaming content, credits etc.) in over 180 countries.