Coda acquires European payment provider Recharge 

• Coda Payments has acquired European payments firm Recharge to expand its global reach.
• Coda and Recharge aim to lead global digital content monetisation through shared values and scale.
• The acquisition is backed by Apis Partners, Insight Partners, Smash Capital, and Coda’s existing investors.

Monetisation solutions platform Coda Payments has acquired European payment provider Recharge. 

Coda said the acquisition accelerates its expansion beyond games and enhances its reach across digital content categories, customers, and continents, particularly in Europe. 

For Recharge, the deal provides B2B expertise, stronger partnerships with digital content publishers, and a growth strategy for high-potential markets like Asia. 

Together, the combined business would have handled over $1.75 billion in sales, reached 200 million customers, and operated in more than 180 markets based on 2024 figures.

Shared values 

The transaction is backed by Apis Partners, Insight Partners, Smash Capital, and Coda’s existing investors.

“We’ve long admired what the Recharge team has built - a profitable, consumer-focused business with top global brands and real depth across Europe,” said Coda CEO Shane Happach. “This transaction brings together two regional commerce leaders with distinct but highly complementary strengths. 

He added: “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 monetisation.”

Recharge CEO Günther Vogelpoel commented: “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.

He added: “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.”