Rapyd secured $300 Million in funding

During the funding led by coature, Rapyy was successful in securing $300million in funding. Many new investors were involved during D- financing round like Spark Capital, Avid Ventures, FJ Labs, and latitude.

Many current investors like General Catalyst, Oak ft, Tiger Global, Tal Capital, etc. Also made their investments.

It is expected that the company will continue to work on the core Market which serves BCC and B2B. It will be followed by the successful acquisition and integration of the European card.

Furthermore, Rapyd is exploring itself in strategic acquisitions in the Americas, Asia Pacific.

Rapyd was founded in the year 2016 by Arik Shitlman, Arkady Karpman, Omer priel. The company deals in fintech and simplifies the complex offering of local payment methods. their journey was started as a mobile payment company.

The company said “due to Covid 19 pandemics there’s an increase in the demand for online payments. Rapyd is well placed to provide its best services. We will provide our best solution and will surely help in running fast.”

Shishir Gupta, Founder & CEO of StartupLanes says, “It is good to see Rapyd getting rapid growth as the name suggests. Rapyd is emerging as a leading player in its segment in a short span of time which is praiseworthy.

My best wishes to them and congratulations on the $300 million in funding.”