Singapore-based digital content monetization platform Coda has signed a definitive agreement to acquire Amsterdam-headquartered prepaid payments firm Recharge, according to an announcement.
The transaction brings together two regional leaders as part of a plan to expand global reach across business-to-business and business-to-consumer segments.
The combined business would have processed over $1.75 billion in sales in 2024, served more than 200 million customers, and operated in over 180 markets, based on combined figures from both companies.
The transaction is backed by Apis Partners, Insight Partners, Smash Capital, alongside Coda’s existing investors. Financial terms were not disclosed.
Coda’s CEO Shane Happach said the transaction combines two companies with complementary strengths, noting Coda’s B2B partnerships with global publishers and Recharge’s consumer-focused prepaid expertise across Europe.
He said the two teams share values of ambition, collaboration, and commercial focus.
Coda provides monetization services to digital content publishers including Electronic Arts, Activision, Riot Games, HoYoverse, and Moonton.
The company distributes over 500 titles from more than 300 partners and powers webstores for franchises such as Call of Duty: Mobile and EA SPORTS FC Mobile.
Coda’s platform is connected to over 400 local payment channels and operates as Merchant of Record, managing risk, compliance, and customer support for publishers.
Recharge operates prepaid storefronts such as Recharge.com and Startselect.com, offering over 16,000 products including gaming, mobile, gift cards, and lifestyle categories.
The firm serves over 8 million users and partners with more than 1,000 global brands including Apple, Google, Vodafone, and PlayStation.
Recharge CEO Günther Vogelpoel said the company has focused on building a technology platform that connects and scales prepaid payments across users, products, and brands.
He said joining Coda would allow Recharge to expand its platform and partnerships globally.
The combined company aims to offer broader consumer reach, cross-sell opportunities, and expanded global coverage while serving the digital content economy across B2B and B2C segments.