Rapyd secures £31.3m in Series B funding from General Catalyst and Stripe to expand its technology platform.
The Series B round was led by General Catalyst and Stripe.
£31.3MSeries B
Rapyd provides a fintech as a service platform that powers local and cross border payments for global businesses. The company unifies fragmented payment systems through a comprehensive network spanning multiple countries.
London-based fintech platform Rapyd has secured £31.3m in a Series B financing round. The investment was led by General Catalyst and Stripe, with additional participation from Target Global and IGNIA. The capital will support the expansion of the company technology platform to manage diverse local and cross-border commerce use cases.
From the founder
"We’re excited to work with our new partners General Catalyst, Stripe, Target Global, IGNIA, and others, who today join our earlier investors including seed and series A lead TaL Capital. This marks a critical inflection point in our evolution as a company and at a time when market demand for our fintech-as-a-service platform approach is accelerating"
AS
Arik Shtilman
Co-founder and CEO at Rapyd
Investor perspective
"Rapyd’s product offering helps merchants, banks, telcos and fintech companies expand the scope of the products they offer, increase the number of customers they reach, and improve the overall customer experience"
Adam Valkin
Managing Director, General Catalyst
Use of funds
- 01Continue product development
