#None #Giftcloud #prepaid payments #Recharge Group

Recharge Achieves Remarkable Growth in 2024

Recharge, a prominent European leader in the distribution of digital prepaid payment products, has announced impressive financial results for the year 2024, achieving record revenues and reaching critical strategic milestones. The company reported a 39% increase in overall sales, totaling €695 million. This significant growth not only reflects Recharge’s expanding market dominance but also its robust business model focused on profitability and innovation.

The net revenue for the year rose by an impressive 32%, amounting to €73.6 million, while the EBITDA doubled to €8.1 million and the net profit reached €7.5 million. This trajectory underscores Recharge's commitment to scalable growth as it continues to invest in technology and operational capabilities.

In 2024, Recharge introduced its next-generation platform, designed to meet future market demands. This new architecture enhances partner integration, enables deeper product personalization, and positions the company to exploit opportunities within the realms of Embedded Finance and white-label offerings.

Additionally, Recharge is actively pursuing a payment institution license in the Netherlands, aimed at expanding its service offerings to include consumer financial services across Europe.

Günther Vogelpoel, CEO, emphasized the significance of 2024 for Recharge, stating, “We have strengthened our market leadership and built a robust infrastructure for future growth while consistently delivering strong results. The demand for prepaid payment solutions is on the rise as we connect leading brands with an increasing number of consumers. Recharge is uniquely positioned to lead this change.”

Moving into 2025, Recharge is teeming with momentum. The company secured a €45 million acquisition financing facility from ABN AMRO, empowering its inorganic growth strategy. This facility fortifies Recharge’s capability to make acquisitions that broaden its reach and expertise across both B2C and B2B sectors. Notably, Recharge executed this strategy by acquiring Giftcloud, a UK-based platform that aids companies in scaling through digital rewards. This acquisition marks Recharge's official entry into the B2B sector, creating fresh avenues to connect brands and businesses with digital-oriented customer acquisition, loyalty, and rewards solutions.

CFO Freddy Dijkman remarked on the profitability boost achieved alongside substantial long-term investments. He stated, “Our financial foundation is solid, and the ABN AMRO facility provides the flexibility needed to accelerate our acquisition agenda. Building our presence in both the B2B sector and regulated financial services is set to make our business more resilient and diversified—and we are just getting started.”

Currently, Recharge connects renowned brands with consumers across more than 180 countries via its scalable global infrastructure. It offers over 16,000 digital prepaid products through a unified platform catering to Europe and beyond. Recharge's efforts continue to strengthen the backbone for digital value distribution, assisting partners in both B2C and B2B segments with immediate, secure, and compliant access to prepaid services.

In conclusion, with its innovative strategy and a firm grasp on market trends, Recharge is on the brink of expanding its influence and capabilities, paving the way for promising opportunities both within Europe and globally. The company stands at the cusp of a transformative era, and its stakeholders eagerly anticipate the developments ahead.