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The RAPD financial network wants to collect $ 300 million in a new financing round to estimate the global payment platform $ 3.5 billion, a significant reduction Appraisal of about $ 9 billion Established in 2021, According to Bloomberg.
London-based company offers a number of financial services that are available to pay, money transfers, card transfers, card transfers, card providers and fraud, accessible to third parties via an API.
RAPD plans to use finance to get the start of payment processing. Nine-year-old company, recently Iceland-based payments were in a purchase strip to add four companies including starting Clust to $ 100 Million in 2022. Paid $ 610 million for units of the global payment platform Pay to $ 610 million In 2023.
RAPD CEO and co-founder Arik Shtilman in 2023 He said to TechCrunch The company’s “was the final stages of the new financing tour closure of $ 700 million.” The company not clearly notified the financing phase, which was preserved and if it was preserved and clarified if it was evaluated.
That same year, Rapid’s opponent, payments giant strip, forced to raise their capital in $ 50 billion, down the top of the summit $ 95 billion price.
RAPD is to complete the full assessment of this rise in the highest assessment, it is a great company. In addition to the strip, many beginners have raised capital in lower values than previously known funds known round.
Because this is extremely high of the estimates During the Funding of VC 2020 and 2021. Straight or low tours, in the first nine months of 2024, accounting for 27% of all transactions, and 9% of 2024.
The company’s support includes Coatue, Oak HC / FT, Target Global and Tiger Global Management. RAPD did not respond to a request immediately for comment.
