Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B

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Rapyd Financial Network is looking to raise $300 million in a new funding round that would value the global payments platform at $3.5 billion, a considerable decrease from its approximately $9 billion valuation set in 2021, according to Bloomberg.

The London-based company offers a range of financial services like payments, mobile wallets, money transfers, card issuing, and fraud protection, which are accessible to third parties via an API.

Rapyd plans to use the funding to buy a payment processing startup. The 9-year-old company has been on…



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Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B


Rapyd Financial Network is looking to raise $300 million in a new funding round that would value the global payments platform at $3.5 billion, a considerable decrease from its approximately $9 billion valuation set in 2021, according to Bloomberg.

The London-based company offers a range of financial services like payments, mobile wallets, money transfers, card issuing, and fraud protection, which are accessible to third parties via an API.

Rapyd plans to use the funding to buy a payment processing startup. The 9-year-old company has been on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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