Rapyd raises $300M for payments platform

Fintech startup Rapyd has raked in $300 million through a Series D led by Coatue. New investor Spark Capital and existing backers General Catalyst, Entrée Capital and Tiger Global also participated. Rapyd's technology lets companies accept and send payments through cards, bank transfers and more, without having to build their own infrastructure. The startup's valuation doubled to $2.5 billion with the new funding, up from $1.2 billion in 2019, TechCrunch reported.

Additional Investors

Avid Ventures, FJ Labs, Latitude, Oak HC/FT, Target Global, Durable Capital, Tal Capital

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