Mobile-first financial network Rapyd has raised $100mn, bringing its valuation up to $1bn.
In Brief:
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The funding was led by Oak HC/FT, and also included Stripe and General Catalyst, both of which led its previous round.
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The new investment will be used to expand the platform as well as make acquisitions and grow the team.
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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.
