Israel based FinTech Rapyd has reached a valuation of $15bn following recent deals.
In Brief:
Rapyd is a FinTech operating a global payments network.
Calcalist reports that the company reached this valuation in several secondary deals over recent months.
Early investors sold shares as part of these deals.
What does this mean?
According to the reports, Rapyd is now Israel’s highest valued private technology company, as well as its highest valued FinTech. Its investors have included BlackRock, Fidelity, General Catalyst, Target Global and Spark Capital.
