Announced
Completed
Financials
Sources
Tags
Cross Border
Private Equity
Friendly
Acquisition
Minority
United Kingdom
FinTech
financial technology
Single Bidder
Venture Capital
Completed
Private
fintech
Synopsis
Target Global, a capital market company, led a $300m Series E round in Rapyd, a global Fintech as a Service company, with participation from Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, Dragoneer, General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital. Rapyd plans to use the funding to make several more strategic acquisitions to both support expansion in key markets and grow payment products and experiences. This will increase the scale of Rapyd's platform not just across geographies, but also across verticals and solutions.
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