Coda, a leader in digital content monetization based in Singapore, has signed an agreement to acquire Recharge, Europe’s top prepaid payments platform in Amsterdam. This deal combines two profitable leaders with complementary strengths and a shared vision for the future of global digital distribution and monetization.
The acquisition enables Coda to expand beyond gaming and enhances its ability to serve diverse digital content markets, particularly in Europe. For Recharge, the deal provides essential B2B expertise and broader access to partnerships with leading digital content publishers. By 2024, the combined business is expected to process over US$1.75 billion in sales, reaching more than 200 million customers across 180 markets.
Coda partners with top mobile gaming companies, distributing over 500 titles and managing web stores for major franchises. With a vast network of local payment channels, Coda offers consumers valuable options while simplifying global growth for publishers. Recharge strengthens Coda’s B2C presence in Europe, offering over 16,000 products and a user base of more than 8 million, trusted by brands such as Apple and PlayStation.
Together, Coda and Recharge will create significant opportunities for cross-selling and deeper market access, enhancing their capacity to serve the entire digital content economy.
Apis Partners, Insight Partners, Smash Capital, and other investors in Coda back the deal.
KEY QUOTES:
“We’ve long admired what the Recharge team has built — a profitable, consumer-focused business with top global brands and real depth across Europe.”
“This transaction brings together two regional commerce leaders with distinct but highly complementary strengths. At Coda, we’ve focused on scaling our B2B capabilities alongside, working with the world’s leading digital publishers to maximize their revenue — particularly in high-growth, complex markets across Southeast Asia. Recharge adds a powerful direct-to-consumer engine, deep prepaid expertise, and strong brand equity across Europe. Most importantly, we’re bringing together two teams that share the same values: ambition, collaboration, and commercial sharpness. That gives us a strong foundation to lead the next chapter in global digital content distribution and monetization.”
Shane Happach, CEO of Coda
“At Recharge, we’ve focused on building the technology platform that connects and scales the prepaid payments ecosystem — enabling seamless transactions between users, products, and brands through smart, data-driven infrastructure. That focus, combined with a passionate team that consistently executes with precision, and pace, has allowed us to scale a profitable and trusted business across Europe and beyond.”
“Joining forces with Coda gives us the opportunity to take everything we’ve built — from our platform to our partnerships — and extend it globally to truly become the global leader we set out to be. With complementary strengths and a shared DNA, this unique combination sets us up to create even more value for the brands, publishers, and customers we serve.”
Günther Vogelpoel, CEO of Recharge
