Rapyd Raises $300 Million Series E To Further Enhance Its Fintech As A Service Offering Amidst Unprecedented Global Adoption Of Embedded Finance
Rapyd Raises $300 Million Series E To Further Enhance Its Fintech As A Service Offering Amidst Unprecedented Global Adoption Of Embedded Finance
08/03/21, 12:05 PM
Location
londonMoney raised
$300 million
Round Type
series e
Rapyd, a global Fintech as a Service company, today announced a $300 million Series E funding round led by Target Global. Joining the round are several new investors including funds managed by Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer, along with participation from existing investors: General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital.
Company Info
Location
london, ontario, canada
Additional Info
Rapyd is the fastest way to power local payments anywhere in the world, enabling companies across the globe to access markets quicker than ever before. By utilizing Rapyd's unparalleled payments network and Fintech-as-a-Service platform, businesses and consumers can engage in local and cross-border transactions in any market. The Rapyd platform is unifying fragmented payment systems worldwide by bringing together 900-plus payment methods in over 100 countries. Rapyd's investors include Stripe, General Catalyst, Oak HC/FT, Coatue, Tiger Global, Durable Capital, Latitude, Target Global, and Tal Capital. To learn more about the company that is accelerating the Fintech-as-a-Service revolution, visit www.rapyd.net, read our blog, or follow us on LinkedIn and Twitter.