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New Deal


Announced

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

Financials

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Transaction Value£474m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Netherlands

fintech

payment technology

FinTech

Acquisition

Cross Border

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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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.

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