Rapyd raises $100M for its ‘fintech as a service’ API, now valued at nearly a $1B valuation

Oct 2, 2019 · https://techcrunch.com

3085157011 fa97e1da19 k

The digital payments market is forecast to balloon to $3 trillion by 2023, and today a startup that lets businesses implement not just payments, but also the many other related (and necessary) services that go along with them, by way of a single API, has raised a big round of funding to meet that demand.

Rapyd, a London-based startup that bills itself as a "fintech as a service" provider, has picked up $100 million, money it will use to expand its platform — which today lets customers use its API to enable checkout, funds collection, fund disbursements, compliance as a service, foreign exchange, card issuing and integration — as well as to make acquisitions and expand its team.

This brings the total raised by Rapyd to $160 million. We understand that the valuation in this latest round comes at a significant spike and is now at close to $1 billion.

Read Complete Article

RT @LDN_CDO: 👇 London now a world leading test-bed on driverless cars here in the Olympic Park with @oxbotica - @TfL laying groundwork with…

This half term there are lots of activities for young people to stay busy, learn new things and engage with their l… https://t.co/DeiTUhQuq3

#LTW Ambassador @RussShaw1 on why the tech industry needs an independent advocate to deal with challenges like… https://t.co/E2CeBE17un

People's vote hit by internal power struggle as leaked emails reveal apparent plot https://t.co/D5fiyLEULS

Cryptocurrency executives charged with running $11 million Ponzi scheme https://t.co/zfHaDKJg2L

More in London