6 years ago

Rapyd Secures $20 Million to Fuel Acquisitions and Expand Fintech-as-a-Service Platform

  • Rapyd, a London-based fintech-as-a-service platform, has raised an additional $20 million from Durable Capital Partners, bringing its total funding to $180 million and its valuation to $1.2 billion

  • The company plans to use the funds for acquisitions, specifically targeting a card issuing platform and a payments company in Asia Pacific

  • Rapyd offers a single API that allows customers to access a range of financial services, including payments, checkout, funds collection, and foreign exchange

  • The company serves a variety of customers, including e-commerce merchants, gig-economy platforms, financial institutions, and technology providers.

      • ProblemFinancial Services

      "Merging multiple financial services into a single API for easier integration and scalability"

      Solution

      "Rapyd offers a fintech-as-a-service API that provides a range of financial services, including payments, checkout, funds collection, and more, allowing customers to easily integrate and access a wide range of financial tools"

      Covered on