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.
