5 years ago

Rapyd Raises $300 Million in Series D Funding, Doubles Valuation to $2.5 Billion

  • London-based fintech Rapyd has raised £220 million in a Series D funding round led by Coatue

  • The funding will be used to double the engineering and product teams, as well as expand the "Self-Service" element of Rapyd's platform

  • The company's valuation now stands at $2.5 billion

  • Rapyd provides a fintech-as-service platform that simplifies the complex offering of local payment methods, enabling businesses to accept and send payments without having to build their own infrastructure

  • The company has raised a total of $470 million to date.

      • ProblemFinancial Services

      "Businesses operating globally struggle to accept and process payments due to the vast number and complexity of local payment methods around the world."

      Solution

      "Rapyd provides a fintech-as-a-service platform that simplifies global payments by connecting businesses to a network of hundreds of local payment methods through a single API, eliminating the need for businesses to build their own complex infrastructure."

      Covered on