With just days remaining until the clock turns to midnight and another year begins, we’re reflecting back on the year we’ll leave behind. With full acknowledgment of the trials and tribulations that faced individuals in 2020 and 2021, we want to also highlight huge moves forward we made as a company—thanks to you, our merchants, partners, and team members.
Exciting announcements & launches
In May, we announced our Series B Funding round, raising $277 million in growth capital at a $2.1 billion valuation.
“As exciting as the past six years have been for Recharge, we’re even more excited about the next six… and beyond. This investment from Summit Partners, ICONIQ Growth, and Bain Capital Ventures will allow us to significantly accelerate our mission of making payments seamless and enabling merchants to build sustainable, growing businesses. Specifically, this means investing heavily in product development, providing our merchants with world-class support, and growing our various go-to-market functions.” – Mike Flynn & Oisin O’Connor
In June, we launched the new Recharge brand along with our new website. That same month, we became a BigCommerce Preferred Partner. Additionally, we expanded our offering by launching RechargeSMS.
“As our product scaled, so did the value we offered to our merchants, and it was clear that our original branding wasn’t effectively communicating that value. We kicked off this process by really analyzing the role we play in our merchant’s growth story, and the human-like personality traits that enable us to do that successfully. Our brand could no longer revolve around the literal nature of recurring transactions, because we enable so much more than that. We help turn those transactions into valuable long-term customer relationships. Our rebrand focused on energy and momentum, built on a supportive and consistent foundation of trust and innovation. We are being intentional about putting our merchants at the core of every story we tell, while we are part of the building blocks behind the scenes.”- Shan Miller, Creative Director, Recharge
In November, we made a commitment to focus on our developers, and launched the new API version and Developer Hub.
“This new API version delivers a powerful new foundation for years to come. It allows our team to deliver innovative new features without sacrificing scale or customizability that merchants / developers have come to expect from Recharge.” – Jason Tranel, Senior Director of Product Management, Recharge
Awards & recognitions
In October, we were included in the CB Insights Fintech 250.
In November, we became a Technology Fast 500 2021 recipient, awarded by Deloitte.
And thanks to our amazing people here at Recharge, we just earned a Great Place to Work® Certification™ in December.
Thank you, and cheers to the New Year ahead
Without you, none of this would be possible. Without you, none of this would matter. With every building block added to the foundation and structure of this company, we grow stronger and more mature. These exciting moments make us proud, but also solidify our commitment to doing right by our merchants and each other. We will continue our commitment to turn transactions into relationships and create frictionless payments for your customers.
As Auld Lang Syne plays at midnight on January 1st, we’ll toast to this last year, and look ahead to what is still to come.
