Recharge, an Amsterdam, the Netherlands-based prepaid payments solutions provider, acquired Startselect, an Eindhoven, the Netherlands-based digital gift and gaming cards company.
The amount of the deal was not disclosed.
The acquisition of Startselect strengthens Recharge’s diversified prepaid product offerings, now adding a presence in the gaming cards market. This move positions the company on course to generate 750 million EUR in annual sales in 2024.
Led by Max Gudden, Founder, Startselect specializes in the distribution of digital gift cards, in-game credits, subscriptions, and operates as the official reseller of a wide variety of digital products. Millions of customers across 30 countries have used the company’s services, accessible through its website and mobile apps.
Led by CEO Günther Vogelpoel, Recharge is a global leader in online prepaid payments. The company offers over 16,000 digital vouchers and prepaid solutions, including gift cards, gaming cards, prepaid money cards, and mobile phone top-ups. They operate in over 180 markets worldwide with their global network of digital marketplaces.
This acquisition comes after the company’s recent expansion into the U.S. and Canada with Blackhawk. Startselect will extend Recharge’s consumer label offering, which includes global shop Recharge.com and country specific labels Beltegoed.nl, Recharge.fr, Guthaben.de, Herladen.com, and Mobiletopup.co.uk.
Founded in 2010, the company is backed by Prime Ventures, Smartfin, Committed Capital and BlackRock.
FinSMEs
14/09/2023