Coda Completes Its Acquisition Of Amsterdam’s Recharge,Reportedly For At Least €400M

The deal, supported by Apis Partners, Insight Partners, Smash Capital, and others, follows Coda’s earlier definitive agreement announcement.

The acquisition creates a partnership to distribute and monetise digital content and prepaid products across mobile gaming, entertainment, and lifestyle.

The combined business, serving over 200M users in 180+ markets, processed $1.75B in 2024 and is set to exceed that in 2025. Recharge’s brands and Coda’s solutions will continue operating seamlessly.

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Founded in 2010 by Robin Weesie and Dirk Ueberbach, Recharge is a global prepaid payments platform offering over 16,000 products, from gift cards to prepaid solutions. It connects brands and consumers securely, unlocking new revenue for businesses while giving users greater control and flexibility.

Günther Vogelpoel, Chief Executive Officer of Recharge, says, “Recharge brings a strong consumer engine, trusted brands, and a talented team — and now, as part of Coda, we can take that to a truly global stage. Together, we have the scale, reach, and complementary strengths to create even more value for our partners and customers worldwide. Closing this deal marks the beginning of an exciting new chapter for our businesses together.”

Founded in 2011, Coda helps publishers like Activision, EA, and Riot Games monetise digital content and grow revenue. With 400+ local payment channels, it gives consumers more choice and value, while handling risk, compliance, and support for publishers as the Merchant of Record.

Shane Happach, Chief Executive Officer of Coda, says, “Closing this acquisition marks a major milestone in Coda’s growth journey. Recharge adds a strong consumer business, a talented team, and a product portfolio that fits seamlessly alongside ours. We now have the scale, reach, and capabilities to create new opportunities for our partners and customers worldwide — and our immediate focus is on working together to unlock that potential.”

About Coda

Coda, a Singapore-based fintech, drives global growth through commerce solutions and out-of-app monetization. Since 2011, it has served 300+ publishers, offering Codapay, Codashop, and more. Connecting to 90% of preferred payment methods, it reaches 200M+ customers. Recognized globally, Coda employs 400+ and continues shaping digital payments innovation.

About Recharge

We lead globally in online prepaid payments, offering 16,000+ digital vouchers and solutions from top brands like Apple, Google, Spotify, Xbox, and PlayStation. Operating across 180+ markets with platforms like Recharge.com and Starselect.com, we simplify prepaid access worldwide.