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Fintech-as-a-service platform Rapyd lands $100m investment

London-based fintech-as-a-service provider Rapyd has secured $100m in a funding round led by Oak HC/FT.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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Oak was joined by Tiger Global, Coatue, General Catalyst, Target Global, Stripe, as well as Entree Capital.

Oak HC/FT co-founder and managing partner Tricia Kemp said: “As financial services become increasingly digitised and global, Rapyd’s fintech-as-a-service approach has tremendous growth potential.

“We’re thrilled to back and partner with the Rapyd team as they tackle one of the biggest challenges in financial services by helping businesses navigate the complexity of local and cross-border digital payments.”

Rapyd plans to utilise the fresh funds to develop its unified cloud-based technology, which facilitates the integration of fintech and payment capabilities into commerce apps.

Besides, the infusion will be used for developing the Rapyd Global Payment Network.

Using Rapyd’s platform, one can accept cash, bank transfers, e-wallets, and local debit card payments in over 100 countries. The platform also supports multi-currency settlement in 65 currencies and disbursements in more than 170 countries.

Rapyd co-founder and CEO Arik Shtilman said: “Global commerce is at a critical inflection point as businesses are pressed to launch new applications, process and accept local payment methods, disburse funds, and manage risk and compliance so they can offer highly localised customer experiences without having to build their own infrastructure.

“The expectation today is that this must happen around the world in order to drive growth into new markets.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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