Rapyd to acquire PayU GPO from Prosus for $610m.

Rapyd, a fintech company, agreed to acquire PayU GPO, a payment technology company, from Prosus, a global investment group, for $610m. “Rapyd’s been on a mission to build bold, and our global expansion continues unabated with a nearly 100% year-over-year growth rate in 2023. Our strategy focusing on both organic growth and acquisitions uniquely positions Rapyd to be one of the largest integrated global fintechs in the world, clearly delivering on our vision of a single, integrated Fintech-as-a-Service platform,” Arik Shtilman, Rapyd CEO and Co-Founder.