Rapyd reaches $1bn valuation following investment in its API

October 02, 2019 | Investment

Written by FinTech Alliance

Rapyd reaches $1bn valuation following investment in its API

Mobile-first financial network Rapyd has raised $100mn, bringing its valuation up to $1bn.

In Brief:

  • The funding was led by Oak HC/FT, and also included Stripe and General Catalyst, both of which led its previous round.

  • The new investment will be used to expand the platform as well as make acquisitions and grow the team.

  • Rapyd’s API enables checkout, funds collection and disbursement, compliance as a service and more.

What does this mean?

This is Rapyd’s second funding round this year – the FinTech raised $40mn in February.

Read more here.

 

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