Rapyd, a payments-as-a-service FinTech, has launched a new arm too invest in early-stage FinTechs.
In Brief:
It will invest in companies after Seed and before Series C.
FinTechs will gain access to Rapyd’s FinTech-as-a-Service offering as well as investment.
They’ll also be offered a network of partners, strategic advice and other support to scale.
What does this mean?
Rapyd aims to offer much more than just capital to startups, which often struggle to scale due to other factors like a lack of experience or connections.
CEO Arik Shtilman said that there’s currently an imbalance in the new solutions he’s seeing in payments. “We believe we have a mission and responsibility to support companies building both the infrastructure for next generation financial services, as well as innovators building on top of these new capabilities,” he commented.
