Coda, the Singapore-based global leader in digital content monetisation, completed its acquisition of Recharge.com on 19 August 2025. This marks the end of a great period in which Committed Capital was involved in the growth of Recharge.com.
Committed Capital invested in Recharge.com in May 2015, when the company was still led by its two founders. Together we worked on the succession of the founders: a new CEO and a professional management team were brought in. The company then expanded its product portfolio, accelerated its expansion into new countries and strengthened its IT and data platform.
From Amsterdam, Recharge.com grew into one of Europe’s leading prepaid payments platforms, with more than 1,000 brand partners including Apple, Google, Vodafone and PlayStation. Together, Coda and Recharge serve more than 200 million users in over 180 markets. In 2024 the two companies processed a combined 1.75 billion dollars in transactions.
The Recharge brands, including Recharge.com, Startselect and Giftcloud, will continue, and the management team led by CEO Günther Vogelpoel remains in place. As part of Coda, Recharge.com can continue its growth on a global scale.
We thank Günther, the management team and all Recharge.com employees for their trust and the partnership, and wish them and Coda every success in this new chapter. Read more about our partnership in the Recharge.com case, or in the announcements by Coda and Emerce.