In the latest development, Rapyd, a global Fintech-as-a-service provider, has secured $20 million (approx €18 million) led by Durable Capital Partners LP. This funding brings the valuation of the company at $1.2 billion.
To date, the company has raised approximately $180 million (approx €162 million), including the company’s initial series A round, previously announced Series B round of $40 million (approx €35 million) led by General Catalyst and Stripe, and Series C round of $100 million (approx €90 million) which was led by Oak HC/FT and Tiger Global.