Coda, a digital content monetization firm headquartered in Singapore, announced Thursday it has signed a definitive agreement to acquire Recharge, an European prepaid payments platform headquartered in Amsterdam.

The transaction brings together two profitable regional leaders with scaled businesses, complementary strengths and a shared ambition to lead the future of global digital distribution and monetization, Coda said in a statement.

The acquisition accelerates Coda’s expansion beyond gaming and strengthens its ability to serve the broader digital content economy — across categories, customers, and continents — by extending its presence in Europe and building on its direct-to-consumer capabilities.

For Recharge, the deal brings business to business (B2B) expertise, access to deeper partnerships with top-tier digital content publishers, and a proven playbook for growth in high-growth markets, especially across Asia.

Based on 2024 figures, the combined business would have processed more than $1.75 billion in sales, served over 200 million customers, and operated in upwards of 180 markets — marking a scaled global footprint from day one.

“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 Shane Happach, Chief Executive Officer of Coda.

According to him, this transaction brings together two regional commerce leaders with distinct but highly complementary strengths.

He noted that at Coda, the firm focused on scaling its 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,” he added.

Meanwhile, Günther Vogelpoel, Chief Executive Officer of Recharge, said that at Recharge, the firm has 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.

According to him, that focus, combined with a passionate team that consistently executes with precision, and pace, has allowed the firm 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,” he added.

According to the statement, from premium content to prepaid products, this transaction brings together payments expertise, publisher and brand partnerships, and broad consumer reach — opening up real opportunities for cross-sell and deeper market access.

With complementary capabilities, wider global coverage, and an expanded catalogue, Coda and Recharge are better positioned to collectively serve the full digital content economy across both B2B and B2C.

Together, the combined company will deliver improved value and convenience to partners and consumers worldwide through secure, trusted, and locally relevant monetization and distribution solutions.

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

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