In today's episode, I chat with Rodrigo Teijeiro, founder of RecargaPay, a leading mobile payments fintech in Brazil that has reached more than 3,5 million monthly active users. You can listen to it on YouTube, Spotify, and other podcast apps.
RecargaPay was founded in 2010 and has more than 300 employees in offices in Sao Paulo, Rio de Janeiro, Buenos Aires, and Miami. It is currently EBITDA positive, with a revenue run rate of over $50M. They recently raised a $70M Series C round, adding up to a total of $100M in funding. Their investors include Miami-based Fuel Venture Capital, Madrid-based IDC Ventures, ATW Partners, Venture City, FundersClub, and many others.
During the episode, we discussed Rodrigo's trajectory until the creation of RecargaPay, his lessons since the early days of being an internet entrepreneur, and the ethos of Miami in the latest months.
I also asked Rodrigo:
I hope you enjoy the episode and hit me up to share your favorite insights from the episode.
I love shopping offline and local. That said, traditional retailers that don’t innovate will die pretty fast. Long live $SHOP and $AMZN.
Every successful founder is a hero who decided to flow with the mysterious. To an inevitable founder nothing but the execution of an idea matters.
As a Venture Capitalist, you must be able to sell (1) you and the firm, (2) the company, and (3) returns. Sell these 3 well and you might win in VC.