Rapyd Financial Networks completed the acquisition of Kortathjonustan.

Rapyd Financial Networks, an Israeli fintech startup, completed the acquisition of Kortathjonustan, an Iceland-based credit card payment processing company. financial terms were not disclosed. “We are pleased to announce the completion of this strategic acquisition so we can begin to integrate Korta’s leading payment card servicing capabilities with Rapyd’s global fintech platform. Rapyd’s vision is to extend the capabilities Korta currently provides by enabling Iceland and European businesses to quickly and easily accept a broad range of international payment methods both in-store and online. Our goal is to help businesses expand their sales and revenue opportunities through advanced technology and superior customer service capabilities that help them maintain local and global competitiveness in today’s dynamic and quickly changing business environment,” Arik Shtilman, Rapyd CEO.