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New Deal


Announced

Completed

Target Global led a $300m Series E round in Rapyd.

Financials

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Transaction Value£215m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private Equity

Friendly

Acquisition

Minority

United Kingdom

FinTech

financial technology

Single Bidder

Venture Capital

Completed

Private

fintech

Synopsis

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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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