Rapyd raises $300M on $8.75B valuation
Rapyd — which provides a range of financial services like payments, mobile wallets, money transfers, card issuing, fraud protection, and more, all by way of an API for third parties to integrate quickly into their own services — has raised $300 million, a Series E that TechCrunch understands from reliable sources values the company at $8.75 billion.
Target Global is leading this round, with new backers Fidelity Ventures, Altimeter Capital, Whale Rock Capital, BlackRock, and Dragoneer, and previous backers General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital also participating. Past strategic investors in the startup have included the payments behemoth Stripe.
