Amsterdam-based fintech startup Creative Group has raised €22 million in a Venture Round led by sole investor Prime Ventures. Creative Group is an online sales platform specialising in digital products, such as call credit, entertainment products, game credit, and prepaid payment cards. Customers are able to digitally buy or send prepaid credit to spend with their favourite brands. The scale-up company wants to become a global leader for digital top-up.
Buy and Send Digital Credit
Creative Group makes digital top-up fast, safe and simple for consumers around the world. Their solution combines a highly scalable, proprietary-based tech platform with distribution power via online marketing. This enables brands to easily tap into large new markets and discover new customer segments globally.
The company’s consumer services are Rapido.com and Recharge.com. The fintech firm hopes these two platforms will generate €200 million in sales volume by the end of the year.
Currently, Rapido.com operates in 13 countries and offers different e-vouchers for services like iTunes, Google, Spotify, Xbox and PlayStation.
Recharge.com delivers a service to immigrants for cross-border remittances of call and data credits. It’s available in 130 countries across 600 mobile networks.
International Expansion
Thanks to the fresh investment, Creative Group hopes to expand its digital credit and remittance solutions into 30 countries by the end of 2020.
Günther Vogelpoel, CEO of Creative Group, said: “We are an official digital distributor for some of the world’s most powerful brands. We are excited to have Prime Ventures on board. With the growth capital they invest, we are able to further accelerate our growth internationally. Their knowledge, vast network, and international contacts will enable us to meet our goal of becoming the global leader in the digital top-up market.
The company was founded in 2010, and the financing represents its first major investment.