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Rapyd acquiring Icelandic payments company Valitor for $100 million


Israeli fintech company Rapyd announced on Thursday that it is acquiring Icelandic payments company Valitor in a deal valued at $100 million.
 Valitor supplies payments solutions for businesses across Europe, providing both in-store and online payments acceptance solutions as well as card issuing to SMB merchants in Iceland, the U.K. and Ireland, and across Europe. Rapyd said it is actively seeking companies to acquire following its $400 million funding round at a $2.5 billion valuation in January of this year. Rapyd is targeting payments companies in order to enhance its capabilities by connecting them to the Rapyd Global Payments Network.
Rapyd co-founders Arkady Karpman (right), Arik Shtilman, and Omer Priel (left). Photo: Courtesy ....

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Rapyd Raises $300 Million in Funding to Support Accelerated Growth Within Global Payments Industry


Rapyd Raises $300 Million in Funding to Support Accelerated Growth Within Global Payments Industry
LONDON and MOUNTAIN VIEW, Calif., Jan. 13, 2021 /PRNewswire/
Rapyd, a global Fintech as a Service company, today announced a $300 million Series D financing round led by Coatue. Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment from current investors General Catalyst, Oak FT, Tiger Global, Target Global, Durable Capital, Tal Capital, and Entrée Capital.
Rapyd s platform embeds fintech services into any application and simplifies the complexity of offering local payment methods through an easy-to-use API while managing diverse compliance and regulatory requirements. Businesses can accept and send payments without having to build their own infrastructure through the Rapyd Global Payments Network which supports hundreds of local payment methods including cards, bank transfers ....

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Rapyd: Fintech raises $300 million, $2.5bn valuation


Rapyd
London-based fintech startup Rapyd has raised a $300 million Series D led by Coatue.
The fresh funding continues the boom in interest for fintech startups, and Rapyd is now valued at $2.5 billion.
The startup offers a suite of payment processing services to other developers via an API.
Rapyd intends to use the funding to complete more strategic acquisitions, following a deal to buy card payment service Korta in 2020.
London and Mountain View-based fintech startup Rapyd has raised a fresh Series D funding round of $300 million, led by New York-based fund Coatue. 
The deal values Rapyd, founded in 2016 by Israeli and Russian entrepreneurs Arik Shtilman, Arkady Karpman, and Omer Priel, at $2.5 billion. ....

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