Rapyd raises $300mn 

January 13, 2021 | Payments

Written by FinTech Alliance

Rapyd raises $300mn 

Payment FinTech Rapyd has raised $300mn in its Series D funding round.  

In Brief:  

  • Rapyd offers a payment platform that can be plugged in with an API.  

  • The round was led by Coatue and included other existing investors.  

  • It also added new investors like Spark Capital, Avid Ventures, FJ Labs and Latitude. 

What does this mean?  

The FinTech says it plans to use the new funding for strategic acquisitions and continue developing its platform. Currently, the Rapyd Global Payments Network supports various local payment methods across countries. Doubling its product and engineering teams will be the first step to taking this to the next level.  

Read more here.   

More in Payments

Paymentology joins Mastercard’s FinTech programmes  
Payments
January 20, 2021

Paymentology joins Mastercard’s FinTech programmes  

Payments FinTech Paymentology has joined Mastercard’s FinTech Express and Engage&nbs...

ByteDance launches payments offering in China  
Payments
January 20, 2021

ByteDance launches payments offering in China  

ByteDance, which owns TikTok, has launched a payments service for its Chinese business. &n...

UBS poised to invest $400mn in Paytm  
Payments
January 15, 2021

UBS poised to invest $400mn in Paytm  

Swiss bank UBS is currently negotiating a deal worth $400mn with Indian FinTech Paytm, Bloomberg rep...

There are no Knowledge Bank in this category

There are no Events in this category