Creative Group, a fintech startup headquartered in Nijmegen, the Netherlands, has landed a €22 million in funding from Prime Ventures, which was the sole investor in this round.
Creative Group's main focus is digital top-up in the areas like call credit, entertainment, and prepaid gaming cards. The company's consumer-facing labels are Recharge.com and Rapido.com, while on the back-end it claims to have developed a highly scalable proprietary distribution platform.
Rapido.com is currently operational in 13 countries and offers different e-vouchers for services like iTunes, Google, Spotify, Xbox and PlayStation. Recharge.com, which Creative Group launched in 2016, is focused on “on delivering a service to immigrants for cross-border remittances of call and data credits,” the company said in a statement. It's available in 130 countries across 600 mobile networks.
The startup expects to reach €200 million in sales volume by the end of 2019.